Sept 3 (Reuters) - Medibank Private Ltd MPL.AX :
* AUSTRALIAN COMPETITION & CONSUMER COMMISSION SAYS INSTITUTED PROCEEDINGS IN FEDERAL COURT AGAINST MEDIBANK PRIVATE
* ACCC SAYS MEDIBANK MADE FALSE REPRESENTATIONS ABOUT BENEFITS COVERED BY ITS HEALTH INSURANCE POLICIES, BREACHING AUSTRALIAN CONSUMER LAW
* ACCC SAYS MEDIBANK SELF-REPORTED THIS CONDUCT TO THE ACCC AND HAS BEGUN COMPENSATING AFFECTED MEMBERS
* ACCC ALSO ALLEGES MEDIBANK FAILED TO SUPPLY INSURANCE COVER FOR JOINT INVESTIGATIONS AND RECONSTRUCTIONS, DESPITE ACCEPTING PAYMENT FOR THAT COVER