Medical Benefits Fund of Australia Limited - s.87B undertaking

False or misleading representations in relation to correspondence sent to MBF members regarding new legislative requirements.

Undertakings given to:

• cease the conduct;
• send corrective letters to contributors;
• place corrective advertising in newspapers; and
• implement a trade practices compliance program (within six months of the date of acceptance of the undertakings).  Independent review of the company’s compliance with undertakings and of the trade practices compliance program to be conducted each year for five years