Commonwealth Consolidated Acts Commonwealth Consolidated ActsA person commits an offence if:
(a) the person acts as an officer, or appointed actuary, of a private health insurer; and
(b) the person is a disqualified person; and
(c) if the person is a disqualified person only because of an order under section 120--the person is disqualified from being or acting as that officer or actuary.
Penalty: Imprisonment for 12 months or 60 penalty units, or both.
Note: If a body corporate is convicted of an offence against this section, subsection 4B(3) of the Crimes Act 1914 allows a court to impose a fine of up to 5 times the penalty stated above.