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 the Council 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 Reinsurance Trust Fund levy day or days for a financial year;
(c) the rate that is to be specified as the rate of Reinsurance Trust Fund levy imposed on the supplementary Reinsurance Trust Fund levy day or days.