Australian Capital Territory Numbered Acts

INSURANCE AUTHORITY ACT 2005 (NO. 24 OF 2005) - SECT 13

    (1)     The Minister may give a written direction to an agency in relation to any of the following:

        (a)     the management of territory risks;

        (b)     the insurance of territory risks, including, for example—

              (i)     what territory risks must or may be insured with the authority; and

              (ii)     what territory risks must or may be insured with other entities.

Note     An example is part of the Act, is not exhaustive and may extend, but does not limit, the meaning of the provision in which it appears (see Legislation Act, s 126 and s 132).

    (2)     A direction under this section is a disallowable instrument.

Note     A disallowable instrument must be notified, and presented to the Legislative Assembly, under the Legislation Act.

    (3)     An agency must comply with a direction given to it under this section.

    (4)     For the Trade Practices Act 1974 (Cwlth), this Act authorises—

        (a)     the giving of a direction under this section; and

        (b)     the doing of, or the failure to do, anything by the Territory, an agency or the authority to comply with a direction under this section.

    (5)     In this section:

"agency"—see section 10 (3).