Document ID: chunk:federal_register_of_legislation:C2004C00281:section:7
Version: federal_register_of_legislation:C2004C00281
Segment Type: section
Provision Reference: s 7
Character Range: 1713–3705

7  Regulations

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

 (2) 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:
 (a) the need to ensure that the Fund has adequate financial reserves for the purposes of its prudential management;
 (b) reasonable estimates of the Fund's present and future liabilities under the Seafarers Rehabilitation and Compensation Act 1992;
 (c) the cost of administering the Authority in connection with the performance or exercise of the Fund's functions, powers and obligations under that Act.

 (3) A failure to consult as required by subsection (2) does not affect the validity of a regulation made under subsection (1).
Notes to the Seafarers Rehabilitation and Compensation Levy Act 1992

Note 1

The Seafarers Rehabilitation and Compensation Levy Act 1992 as shown in this compilation comprises Act No. 231, 1992 amended as indicated in the Tables below.

Table of Acts

Act  Number    Date       Date of commencement  Application, saving or transitional provisions
     and year  of Assent

Seafarers Rehabilitation and Compensation Levy Act 1992              231, 1992  24 Dec 1992  24 Dec 1992 (see s. 2)
Transport and Communications Legislation Amendment Act (No. 2) 1993  5, 1994    18 Jan 1994  Schedule (item 114): Royal Assent (a)  —

(a) The Seafarers Rehabilitation and Compensation Levy Act 1992 was amended by the Schedule (item 114) only of the Transport and Communications Legislation Amendment Act (No. 2) 1993, subsection 2(1) of which provides as follows:
 (1) Subject to subsections (2) to (10) (inclusive), this Act commences on the day on which it receives the Royal Assent.

Table of Amendments

ad. = added or inserted      am. = amended      rep. = repealed      rs. = repealed and substituted
 Provision affected        How affected
S. 7....................  am. No. 5, 1994