Document ID: chunk:federal_register_of_legislation:C2025C00173:section:123
Version: federal_register_of_legislation:C2025C00173
Segment Type: section
Provision Reference: s 123
Character Range: 159886–160582

123  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 an officer of the insurer because of an offence under this Act; or
 (ii) the payment of an amount that an officer of the insurer, or a person who has been such an officer, is liable to pay under this Act; or
 (b) reimburse:
 (i) an officer of the insurer in respect of a pecuniary penalty imposed on the officer because of an offence under this Act; or
 (ii) an officer of the insurer, or a person who has been such an officer, in respect of a liability imposed on the officer under this Act.