8
CurrentMinister 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.
This Act’s bill:Explanatory memorandumSecond reading speech
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