Contents

1............ Short title............................................................................................ 1

2............ Commencement.................................................................................. 1

3............ Designated sale day............................................................................ 2

4............ Schedule(s).......................................................................................... 3

Schedule 1--Amendments commencing on the day after Royal Assent 4

Part 1--Sale of the Commonwealth's equity in Medibank Private Limited 4

Health Insurance Commission (Reform and Separation of Functions) Act 1997               4

Part 2--Other amendments                                                                                          5

National Health Act 1953                                                                                          5

Schedule 2--Facilitation of the sale of the Commonwealth's equity in Medibank Private Limited etc.   7

Part 1--Introduction                                                                                                       7

Part 2--Medibank Private sale scheme                                                                 10

Part 3--Profit status of Medibank Private                                                            23

Part 4--Restrictions on ownership of Medibank Private companies          28

Division 1--Introduction                                                                                         28

Division 2--Limits on ownership                                                                            28

Division 3--Interpretation                                                                                       33

Part 5--Australian identity of Medibank Private companies                          43

Part 6--Restrictions on transfer of assets and liabilities of the Medibank Private fund              45

Part 7--Injunctions                                                                                   Â                      46

Part 8--Miscellaneous                                                                                  Â                48

Schedule 3--Amendments commencing on the designated sale day       52

Commonwealth Borrowing Levy Act 1987                                                           52

Health Insurance Commission (Reform and Separation of Functions) Act 1997               52

Remuneration Tribunal Act 1973                                                                           52

 

 

 

Medibank Private Sale Act 2006

No. 160, 2006

 

An Act about the sale of the Commonwealth's equity in Medibank Private Limited, and for other purposes

[Assented to 11 December 2006]

The Parliament of Australia enacts:

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