Summary
The bill: amends the
Health Insurance Commission (Reform and Separation of Functions) Act 1997
to permit the Commonwealth to sell its shares in Medibank Private Limited (Medibank); facilitates the sale of the Commonwealth’s equity in Medibank; and permits Medibank to operate on a “for profit” basis. Also makes consequential amendments to the
National Health Act 1953
,
Commonwealth Borrowing Levy Act 1987
and
Remuneration Tribunal Act 1973
.