July 16 (Reuters) - Australian Competition and Consumer Commission:
* MEDIBANK TO PAY $5 MILLION IN PENALTIES FOR MISREPRESENTATIONS TO MEMBERS ABOUT BENEFITS
* MEDIBANK WILL CONTACT ABOUT 670 POLICY HOLDERS WHO HAVE NOT ALREADY TAKEN UP CO'S OFFER FOR COMPENSATION TO GIVE FURTHER CHANCE TO CLAIM
* MEDIBANK WILL PAY SOME OF THE 670 POLICY HOLDERS AN ADDITIONAL $400 AS ONE-OFF PAYMENT
* MEDIBANK TO PAY PENALTIES FOR MAKING "FALSE REPRESENTATIONS" ABOUT BENEFITS OFFERED BY AHM HEALTH INSURANCE POLICIES