Commonwealth Consolidated Acts

HEALTH INSURANCE COMMISSION (REFORM AND SEPARATION OF FUNCTIONS) ACT 1997 - SECT 5

  (1)   The Minister may, by writing, declare that a specified company is the nominated company for the purposes of this Part.

  (2)   At the time when the declaration is made, the company must:

  (a)   be incorporated under the Corporations Act 2001 ; and

  (b)   have a share capital; and

  (c)   be Commission - owned.

  (3)   The declaration has effect accordingly.

  (4)   A copy of the declaration is to be published in the Gazette within 14 days after the making of the declaration.