10Minister must determine decision‑making criteria and procedures

10 Minister must determine decision‑making criteria and procedures

(1) The Minister must, in writing, determine criteria to be applied and procedures to be complied with by the Minister in deciding:

(a) whether to grant a concessional capital licence under the scheme; and

(b) how many licences to grant under the scheme; and

(c) how much concessional capital to allocate to each FLIC to raise during the licence period.

Note: A determination is a disallowable instrument (see section 43).

(2) The Minister must also determine the weight to be given to each criterion.