Document ID: chunk:federal_register_of_legislation:C2023C00427:clause:2_21
Version: federal_register_of_legislation:C2023C00427
Segment Type: clause
Provision Reference: sch 2 cl 21
Character Range: 38339–39508

21  Payment and reimbursement of expenses incurred in modifying Medibank Private's constitution and rules etc.

Payment of expenses
(1) Medibank Private may make a payment from the Medibank Private fund for the purpose of paying expenses incurred by it in:
 (a) modifying its constitution as mentioned in subitem 20(1); or
 (b) modifying its rules as mentioned in subitem 20(3); or
 (c) complying with subitem 20(7).
(2) A payment, or a decision to make a payment, under subitem (1) does not contravene section 28 of the Private Health Insurance (Prudential Supervision) Act 2015.

Reimbursement of expenses
(3) If:
 (a) Medibank Private:
 (i) modifies its constitution as mentioned in subitem 20(1); or
 (ii) modifies its rules as mentioned in subitem 20(3); or
 (iii) complies with subitem 20(7); and
 (b) Medibank Private incurs expenses in doing so;
the Minister for Finance may authorise the payment by the Commonwealth to Medibank Private of an amount equal to so much of those expenses as the Minister for Finance considers reasonable.
(4) This item does not, by implication, limit the executive power of the Commonwealth to make a payment to Medibank Private.