PSWC fund management guidelines
17 PSWC fund management guidelines
The Treasurer may make guidelines in relation to the PSWC fund including provision about—
investment under section 14; and
the acceptable funding ratio for the fund and the period of time in which the fund must return to an acceptable funding ratio if the fund is in deficit.
The Minister may make guidelines in relation to the PSWC fund including provision about—
how the PSWC commissioner must determine the premium amount; and
how premium amounts must be paid to the fund; and
reporting requirements; and
financial and governance requirements that must be met by any contracted claims manager.
A guideline is a notifiable instrument.
A notifiable instrument must be notified under the Legislation Act.
This Act’s bill:Explanatory statementSecond reading speech
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