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PRIVATE HEALTH INSURANCE (COLLAPSED INSURER LEVY) ACT 2003 - SECT 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.



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