{"id":"F2012L01542","name":"Minister to Australian Reinsurance Pool Corporation (Payments to the Commonwealth) Direction 2012","slug":"minister-to-australian-reinsurance-pool-corporation-payments-to-the-commonwealth-direction-2012","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":89523,"registerId":"commonwealth-F2012L01542-current","compilationNumber":null,"startDate":"2026-04-02","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Minister to Australian Reinsurance Pool Corporation (Payments to the Commonwealth) Direction 2012","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 20.2\ntitle: _x0001_\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n![](image.001.png)\n\nMinister to Australian Reinsurance Pool Corporation (Payments to the Commonwealth) Direction 2012\n\nmade under section 38 of the\n\nTerrorism Insurance Act 2003\n\nCompilation No. 1\n\nCompilation date:  19 June 2014\n\nIncludes amendments up to: Treasurer to Australian Reinsurance Pool Corporation (Payments to the Commonwealth) Amendment Direction 2014\n\nRegistered: 15 April 2015\n\n \n\nAbout this compilation\n\nThis compilation\n\nThis is a compilation of the Minister to Australian Reinsurance Pool Corporation (Payments to the Commonwealth) Direction 2012 that shows the text of the law as amended and in force on 19 June 2014 (the compilation date).\n\nThis compilation was prepared on 14 April 2015.\n\nThe notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.\n\nUncommenced amendments\n\nThe effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on ComLaw (www.comlaw.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on ComLaw for the compiled law.\n\nApplication, saving and transitional provisions for provisions and amendments\n\nIf the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.\n\nModifications\n\nIf the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on ComLaw for the compiled law.\n\nSelf‑repealing provisions\n\nIf a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.\n\n \n\n \n\n \n\n \n\n1  Name of Direction\n\n  Minister to Australian Reinsurance Pool Corporation (Payments to the Commonwealth) Direction 2012.\n\n2  Commencement\n\n  This Direction commences when it is made.\n\n3  Payments to be made\n\n  The following payments are to be made by the Australian Reinsurance Pool Corporation to the Commonwealth:\n\n  a one-off payment of $100 million to be made in January 2013;\n\n  a payment of $75 million to be made in January 2013;\n\n  a payment of $75 million to be made in January 2014;\n\n  The payments are to be made to:\n\n  Department of Treasury Official Administered Receipts Account\n\n  BSB: 009\n\n  Account Number: 918 379\n\n \n\nEndnotes\n\nEndnote 1—About the endnotes\n\nThe endnotes provide information about this compilation and the compiled law.\n\nThe following endnotes are included in every compilation:\n\nEndnote 1—About the endnotes\n\nEndnote 2—Abbreviation key\n\nEndnote 3—Legislation history\n\nEndnote 4—Amendment history\n\nEndnotes about misdescribed amendments and other matters are included in a compilation only as necessary.\n\nAbbreviation key—Endnote 2\n\nThe abbreviation key sets out abbreviations that may be used in the endnotes.\n\nLegislation history and amendment history—Endnotes 3 and 4\n\nAmending laws are annotated in the legislation history and amendment history.\n\nThe legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.\n\nThe amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.\n\nMisdescribed amendments\n\nA misdescribed amendment is an amendment that does not accurately describe the amendment to be made. If, despite the misdescription, the amendment can be given effect as intended, the amendment is incorporated into the compiled law and the abbreviation “(md)” added to the details of the amendment included in the amendment history.\n\nIf a misdescribed amendment cannot be given effect as intended, the amendment is set out in the endnotes.\n\nEndnote 2—Abbreviation key\n\n \n\n| A = Act | orig = original |\n| --- | --- |\n| ad = added or inserted | par = paragraph(s)/subparagraph(s) |\n| am = amended | /sub‑subparagraph(s) |\n| amdt = amendment | pres = present |\n| c = clause(s) | prev = previous |\n| C[x] = Compilation No. x | (prev…) = previously |\n| Ch = Chapter(s) | Pt = Part(s) |\n| def = definition(s) | r = regulation(s)/rule(s) |\n| Dict = Dictionary | Reg = Regulation/Regulations |\n| disallowed = disallowed by Parliament | reloc = relocated |\n| Div = Division(s) | renum = renumbered |\n| exp = expires/expired or ceases/ceased to have | rep = repealed |\n| effect | rs = repealed and substituted |\n| F = Federal Register of Legislative Instruments | s = section(s)/subsection(s) |\n| gaz = gazette | Sch = Schedule(s) |\n| LI = Legislative Instrument | Sdiv = Subdivision(s) |\n| LIA = Legislative Instruments Act 2003 | SLI = Select Legislative Instrument |\n| (md) = misdescribed amendment | SR = Statutory Rules |\n| mod = modified/modification | Sub‑Ch = Sub‑Chapter(s) |\n| No. = Number(s) | SubPt = Subpart(s) |\n| o = order(s) | underlining = whole or part not |\n| Ord = Ordinance | commenced or to be commenced |\n\n\n \n\nEndnote 3—Legislation history\n\n \n\n- Name FRLI registration Commencement Application, saving and transitional provisions\n- Minister to Australian Reinsurance Pool Corporation (Payments to the Commonwealth) Direction 2012 13 July 2012 (F2012L01542) 21 June 2012\n- Treasurer to Australian Reinsurance Pool Corporation (Payments to the Commonwealth) Amendment Direction 2014 27 June 2014 (F2014L00856) 19 June 2014 —\n\n\n \n\nEndnote 4—Amendment history\n\n \n\n| Provision affected | How affected |\n| --- | --- |\n| s 3..................... | am F2014L00856 |\n\n\n \n\n \n","sortOrder":0}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":true,"description":"The payments provision (section 3) was amended by the Treasurer to Australian Reinsurance Pool Corporation (Payments to the Commonwealth) Amendment Direction 2014 (see Endnote 3 and Endnote 4). The compiled instrument specifies three particular payments and account details; the 2014 amendment altered section 3’s content (the payments schedule/amounting), so the current scope of payment obligations differs from the original 2012 text."},"complexity_factors":["Simple, prescriptive payment instructions with fixed amounts and dates (s3)","No conditional tests, formulas, or eligibility rules — reduces interpretive complexity","Includes operational detail (specific Treasury account BSB and account number) which creates administrative steps","Instrument is made under an empowering provision (header: s38 of the Terrorism Insurance Act 2003), so legal authority depends on that Act","Amendment history (Treasurer to ARPC (Payments) Amendment Direction 2014) altered s3, adding a layer of legal-history tracking"],"plain_english_summary":"This Direction orders the Australian Reinsurance Pool Corporation (ARPC) to transfer three fixed sums to the Commonwealth: a one‑off $100 million and two $75 million payments into the Treasury receipts account on set dates in January 2013 and January 2014 (s3). It mechanically converts ARPC funds into Commonwealth receipts, removing ARPC discretion over those amounts and fixing timing for when Treasury receives the money."},"kimi_summary":{"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The legislation has remained tightly focused on its original purpose: directing specific payments from the ARPC to the Commonwealth. The 2014 amendment adjusted the payment schedule and amounts but did not expand the scope beyond the original intent of facilitating fund transfers from the corporation to the government."},"complexity_factors":["Only 3 operative sections (Name, Commencement, Payments)","No defined terms section","No cross-references to other legislation except the enabling Act (Terrorism Insurance Act 2003)","Simple unconditional directive: 'make these payments on these dates'","Single amendment in 2014 merely adjusted payment amounts/timing","Total length: less than 2 pages of substantive content"],"plain_english_summary":"This ministerial direction under the Terrorism Insurance Act 2003 requires the Australian Reinsurance Pool Corporation to pay $250 million to the Commonwealth via Treasury in three installments: $100 million and $75 million due January 2013, and $75 million due January 2014. Funds are to be deposited into Treasury’s specified bank account.\n\nIt returns ARPC surplus premiums to the government, preventing excessive reserve accumulation while enabling the Commonwealth to use the funds for budgetary purposes."}},"importantCases":[],"_links":{"self":"/api/acts/minister-to-australian-reinsurance-pool-corporation-payments-to-the-commonwealth-direction-2012","history":"/api/acts/minister-to-australian-reinsurance-pool-corporation-payments-to-the-commonwealth-direction-2012/history","analysis":"/api/acts/minister-to-australian-reinsurance-pool-corporation-payments-to-the-commonwealth-direction-2012/analysis","conflicts":"/api/acts/minister-to-australian-reinsurance-pool-corporation-payments-to-the-commonwealth-direction-2012/conflicts","importantCases":"/api/acts/minister-to-australian-reinsurance-pool-corporation-payments-to-the-commonwealth-direction-2012/important-cases","documents":"/api/acts/minister-to-australian-reinsurance-pool-corporation-payments-to-the-commonwealth-direction-2012/documents"}}