12Arrangements for exchanging information and for other matters

12 Arrangements for exchanging information and for other matters

12 Arrangements for exchanging information and for other matters

(1) The Secretary may enter into arrangements with the State Insurance Regulatory Authority (SIRA) for any of the following purposes—

(a) the exchanging of information for or in connection with the making of a determination under section 10,

(b) the payment of contributions under section 10 by insurers of a specified class to SIRA for subsequent payment into the Fund,

(c) authorising SIRA to make a determination as referred to in section 10 (2) (c) in relation to a specified class of insurers,

(d) authorising SIRA to notify a specified class of insurers of any matters required to be notified under section 10,

(e) authorising SIRA to bring any debt recovery proceedings arising under section 10 in relation to a specified class of insurers,

(f) for the payment of money out of the Fund to reimburse insurers of a specified class for expenses incurred by them in connection with this Act, but only if those expenses have been approved by SIRA after consulting with the Secretary.

(2) Information may be exchanged between the Secretary and SIRA under any such arrangement despite the provisions of any other Act.

(3) The Secretary may enter into arrangements with any insurer for the provision by the insurer of any information that may be used by the Secretary for the purposes of making a determination under section 10.

s 12: Am 2015 No 19, Sch 15.9 [5] [6].