Document ID: chunk:federal_register_of_legislation:C2023C00427:clause:2_32
Version: federal_register_of_legislation:C2023C00427
Segment Type: clause
Provision Reference: sch 2 cl 32
Character Range: 48401–50459

32  Giving of information
(1) The regulations may make provision for and in relation to requiring a person:
 (a) to give information to the Minister for Finance, where the information is relevant to an ownership matter; and
 (b) to give information to a Medibank Private company, where the information is relevant to an ownership matter.
Note: Ownership matter is defined by subitem (7).

Statutory declarations
(2) The regulations may provide that information given in accordance with a requirement covered by paragraph (1)(a) or (b) must be verified by statutory declaration.

No self‑incrimination
(3) An individual is not required to give information in accordance with a requirement covered by paragraph (1)(a) or (b) if the information might tend to incriminate the individual or expose the individual to a penalty.

Compliance
(4) A person must comply with regulations made for the purposes of this item.
(5) A contravention of subitem (4) is not an offence. However, it is a ground for obtaining an injunction under Part 7.

Regulations may confer discretionary powers on the Minister for Finance
(6) Regulations made for the purposes of this item may make provision for or in relation to a matter by conferring a power on the Minister for Finance. For example, the regulations could provide that the Minister for Finance may, by written notice given to a Medibank Private company, require the company to give the Minister for Finance, within the period and in the manner specified in the notice, specified information about an ownership matter.

Definition
(7) For the purposes of this item, each of the following matters is an ownership matter:
 (a) whether a person holds a particular type of stake in a Medibank Private company;
 (b) if a person holds a particular type of stake in a Medibank Private company—the level of that stake;
 (c) if the holding company is in existence—whether a person other than the holding company holds any type of direct control interest in Medibank Private (disregarding subitem 42(6)).

Division 3—Interpretation