National Disability Insurance Scheme Legislation Amendment Act 2013 (44 of 2013)

Schedule 1   Amendment of the National Disability Insurance Scheme Act 2013

Part 4   Amendments relating to actuarial, audit and risk management activities

53   Section 125A

Repeal the section, substitute:

125A Matters to be considered in performing functions

In performing its functions, the Board must have regard to:

(a) relevant actuarial analysis and advice; and

(b) relevant advice and reports provided by the audit committee established and maintained by Board members under section 32 of the CAC Act.

125B Rules about management of risk and performance of Board's functions

The Minister administering the Insurance Act 1973 may, by legislative instrument, determine rules that:

(a) relate to the management of risks, whether financial or not, that are likely to be faced by the Agency; and

(b) must be complied with by the Board in performing its functions.