CTHIn ForceAct
Private Health Insurance Act 2007
172‑15 Restrictions on payment of pecuni172‑15 Restrictions on payment of pecuniary penalties etc.
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172‑15 Restrictions on payment of pecuniary penalties etc.
A private health insurer must not:
(a) use its money, or permit the use of its money, for:
(i) the payment of a pecuniary penalty imposed on a *director or *officer of the insurer because of an offence under this Act; or
(ii) the payment of an amount that a director or officer of the insurer, or a person who has been such a director or officer, is liable to pay under Division 203; or
(b) reimburse:
(i) a director or officer of the insurer in respect of a pecuniary penalty imposed on the director or officer because of an offence under this Act; or
(ii) a director or officer of the insurer, or a person who has been such a director or officer, in respect of a liability imposed on the director under Division 203.
Chapter 5—Enforcement