Private Health Insurance (Collapsed Insurer Levy) Act 2003
10Minister to obtain advice from APRA
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10 Minister to obtain advice from APRA
(1) Before making a determination under section 7, 8 or 9, the Minister must obtain, and take into account, advice from APRA in relation to the following matters:
(a) whether to make a levy determination;
(b) whether to make a determination under paragraph 8(1)(b);
(c) the day that is to be, or the days that are to be, specified as the collapsed insurer levy day or days;
(ca) the day that is to be specified as the payment day in relation to a collapsed insurer levy day;
(d) the rate that is to be specified as the rate of the collapsed insurer levy imposed on the collapsed insurer levy day or days;
(e) the day that is to be, or the days that are to be, specified as the census day or days for the collapsed insurer levy day or days;
(f) the total value of the collapsed insurer’s liabilities to people insured under its complying health insurance policies.
(2) An advice given to the Minister by APRA under subsection (1) must be laid before each House of the Parliament with the determination to which the advice relates.