8Minister to obtain advice from APRA

8 Minister to obtain advice from APRA

Before making a determination under section 6 or item 2 of the table in subsection 7(1), the Minister must obtain, and take into account, advice from APRA in relation to the following matters: (a) whether to make a determination under section 6; (b) the day that is to be, or the days that are to be, specified as the supplementary risk equalisation levy day or days for a financial year; (c) the rate that is to be specified as the rate of risk equalisation levy imposed on the supplementary risk equalisation levy day or days.