Seafarers Rehabilitation and Compensation Levy Act 1992

The Governor‑General may make regulations for the purposes of section 5.

Before advising the Governor‑General about the making of a regulation under subsection (1), the Minister must consult the Authority with respect to the following matters:

the need to ensure that the Fund has adequate financial reserves for the purposes of its prudential management;

reasonable estimates of the Fund's present and future liabilities under the Seafarers Rehabilitation and Compensation Act 1992;

the cost of administering the Authority in connection with the performance or exercise of the Fund's functions, powers and obligations under that Act.

A failure to consult as required by subsection (2) does not affect the validity of a regulation made under subsection (1).