Income Tax Assessment Act 1997
The Minister must cause a person to review, and to report to the Minister in writing about, the operation of the following provisions (the structured settlements and orders provisions ):
(a) the other provisions of this Division;
(b) Division 2A of Part 10 of the Life Insurance Act 1995 . 54-75(2)
The person must be someone who, in the Minister ' s opinion, is suitably qualified and appropriate to conduct the review. 54-75(3)
The review and report must relate to the period beginning when this Division commences and ending after 4 years and 6 months. 54-75(4)
The person must give the report to the Minister as soon as practicable, and in any event within 6 months, after the end of that period. 54-75(5)
The report may include suggestions for changes to the structured settlements and orders provisions that, in the person ' s opinion, are needed to overcome, or would help overcome, problems identified during the review and set out in the report. 54-75(6)
The person must provide a reasonable opportunity for members of the public to make submissions to him or her about matters to which the review relates. 54-75(7)
The Minister must cause a copy of the report to be laid before each House of the Parliament within 15 sitting days of that House after the Minister receives the report.
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