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Private Health Insurance Act 2007
84‑5 Offence: directors and chief execut84‑5 Offence: directors and chief executive officers liable if systems not in place to prevent breaches
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84‑5 Offence: directors and chief executive officers liable if systems not in place to prevent breaches
A person commits an offence if:
(a) the person is a *director or *chief executive officer of a private health insurer; and
(b) the insurer commits an offence under section 84‑1; and
(c) the person failed to exercise due diligence to ensure that adequate systems were in place to prevent the insurer from committing the offence.
Penalty: 1,000 penalty units or imprisonment for 5 years, or both.