Senator the Hon. Mathias Cormann
Minister for Finance
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
Australians can now pre-register to receive a prospectus for the Medibank Private Share Offer.
The pre-registration process is another important step in the Government’s orderly and methodical execution of the sale of Medibank Private.
Medibank Private is Australia’s largest private health insurer and provides health insurance cover for over 3.8 million people across Australia.
Australian residents who pre-register to receive a prospectus and then apply for shares can receive a preferential allocation of shares.
Eligible1 Medibank Private and ahm policyholders who pre-register and then apply for shares can receive a greater preferential allocation than non policy holders who pre-register.
A Medibank Private Share Offer Website and Information Line are now open for pre-registration. People can pre-register online at www.medibankprivateshareoffer.com.au or call 1800 998 778 for further information.
Pre-registration for the Medibank Private Share Offer will close on Wednesday, 15 October 2014.
Further details of the Offer will be provided in the Medibank Private Share Offer prospectus, which is expected to be available in late October, subject to market conditions. Medibank Private is then expected to list on the Australian Securities Exchange by December 2014.
The Government has long been committed to the sale of Medibank Private.
Medibank Private is a commercial business operating in a well functioning and competitive private health insurance market with 34 competing funds.
As such there is no compelling policy reason for the Government to continue to own Medibank Private.
The sale of Medibank Private will also remove the current conflict where the Government is both the regulator of the private health insurance market as well as a large market participant in a competitive market.
Proceeds from the sale of Medibank Private will be re-invested into productivity enhancing infrastructure through the Government’s Asset Recycling Initiative.
Karen Wu – 0428 350 139
 Persons who are covered under private health insurance policies (excluding Overseas Student Health Cover policies and Overseas Visitors Health Cover policies) issued under either the Medibank or ahm brands at 11:59pm (AEST) on 27 September 2014, who are permanent residents of Australia, over the age of 18 and are not in the United States or acting on behalf of a person in the United States. Only one Policyholder pre-registration can be made in respect of each policy.