The Minister administering the Insurance Act 1973 may, by legislative instrument, determine rules that:
(a) relate to the management of risks, whether financial or not, that are likely to be faced by the Agency; and
(b) must be complied with by the Board in performing its functions.
Note: Part 4 of Chapter 3 (sunsetting) of the Legislation Act 2003 does not apply to the instrument (see regulations made for the purposes of paragraph 54(2)(b) of that Act).