Commonwealth Numbered Acts Commonwealth Numbered Acts(1) A private health insurer must ensure that it maintains at all times an * up to date * standard information statement:
(a) for each * product subgroup of each * complying health insurance product that it makes available; and
(b) for each product subgroup of each complying health insurance product under which it insures people.
(1A) A single * standard information statement may be the standard information statement for more than one * product subgroup of a * complying health insurance product if the premiums payable under policies in the subgroups the statement covers are the same.
(2) The * standard information statement for a * product subgroup of a * complying health insurance product is up to date at a particular time, if, at that time, the information in the statement is accurate.
(3) A private health insurer commits an offence if there is no * standard information statement for a * product subgroup of a * complying health insurance product of the insurer.
Penalty: 60 penalty units.
(4) A private health insurer commits an offence if:
(a) there is a * standard information statement for a * product subgroup of a * complying health insurance product of the insurer; and
(b) the standard information statement is not * up to date.
Penalty: 60 penalty units.
(5) Strict liability applies to subsections (3) and (4).
Note: For strict liability , see section 6.1 of the Criminal Code .