Accounting Adviser to the Medibank Scoping Study

The key task of the Accounting Adviser will be to assist in the development of a Scoping Study Report (SSR) that proposes the optimal approach, and considers options and related issues, for the sale of Medibank Private Limited (Medibank).

The Department of Finance may, at its sole discretion, extend the engagement of the Accounting Adviser for any sale of the Commonwealth’s interest in Medibank.

The Accounting Adviser will conduct the required services having regard to the Australian Government’s objectives for the sale of Medibank listed below:

·to contribute to an efficient, competitive and viable private health insurance industry;

·to maintain service and quality levels for Medibank policy holders including in regional and rural Australia;

·to ensure the sale process treats Medibank employees in a fair manner, including through the preservation of accrued entitlements;

·to minimise any post sale residual risk and liabilities to the Commonwealth; and

·having regard to the above objectives to maximise the net proceeds from the sale.