s. 137AA (ba) the Victorian Managed Insurance Authority S. 137AA within the meaning of the Victorian (2)(ba) inserted by Managed Insurance Authority Act 1996; No. 33/2010 or s. 29. (c) an insurer specified by the Minister by notice under this section. (3) The Minister may by notice published in the Government Gazette specify an insurer for the purposes of this section. (4) The Minister must not specify an insurer under subsection (3) unless the Minister is satisfied that the insurer has an acceptable international credit rating and that the insurer does not carry on insurance business in . (5) For the purposes of this section an acceptable international credit rating is a rating that— (a) is provided by a credit rating agency specified under subsection (6); and (b) is equal to or exceeds the rating specified in relation to that agency under subsection (6). (6) The Minister may by notice published in the Government Gazette— (a) specify a credit rating agency for the purposes of this section; and (b) specify a rating in relation to that agency. (7) The Minister may by notice published in the Government Gazette amend or revoke any notice published under this section. (8) The Minister must consult with the Minister for the time being administering the Victorian Managed Insurance Authority Act 1996 before publishing any notice under this section. (9) In this section has the same meaning as insurance it has in section 135.
S. 137AA (2)(ba) inserted by No. 33/2010 s. 29. (ba) the Victorian Managed Insurance Authority within the meaning of the Victorian Managed Insurance Authority Act 1996; or (c) an insurer specified by the Minister by notice under this section. (3) The Minister may by notice published in the Government Gazette specify an insurer for the purposes of this section. (4) The Minister must not specify an insurer under subsection (3) unless the Minister is satisfied that the insurer has an acceptable international credit rating and that the insurer does not carry on insurance business in . (5) For the purposes of this section an acceptable international credit rating is a rating that— (a) is provided by a credit rating agency specified under subsection (6); and (b) is equal to or exceeds the rating specified in relation to that agency under subsection (6). (6) The Minister may by notice published in the Government Gazette— (a) specify a credit rating agency for the purposes of this section; and (b) specify a rating in relation to that agency. s. 137AA (7) The Minister may by notice published in the Government Gazette amend or revoke any notice published under this section. (8) The Minister must consult with the Minister for the time being administering the Victorian Managed Insurance Authority Act 1996 before publishing any notice under this section. (9) In this section insurance has the same meaning as it has in section 135.
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