Victorian Numbered Acts

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FIRE SERVICES PROPERTY LEVY ACT 2012 (NO. 58 OF 2012) - SECT 86

Commission to review premiums of insurance companies following introduction of levy under this Act

    (1)     After consulting the Minister administering the Essential Services Commission Act 2001 , the Minister administering this Act may by written notice, request the Commission to conduct a review and report to the Minister administering this Act on the following—

        (a)     movement in the cost of insurance premiums from 1 July 2012 to 30 June 2014;

        (b)     in relation to the review of insurance premiums of insurance companies following the enactment of this Act, any related matter that the Minister specifies in writing for review.

    (2)     The written notice must specify—

        (a)     the terms of reference for the review;

        (b)     the date by when the review must be conducted and the report completed being a date not later than 31 December 2016.

    (3)     The Minister administering this Act may—

        (a)     amend the terms of reference;

        (b)     extend the period within which a report is to be submitted to the Minister;

        (c)     request the Commission to provide an interim report.



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