(1) For paragraph 48 (3) (b) of the Act, the method of determining the minimum amount of total insurance for a launch authorised by an overseas launch certificate is:

(a)

to obtain, from a jointly-appointed insurance analyst, an assessment as to the amount of liability to pay compensation that the Commonwealth might incur, under the Liability Convention, or otherwise under international law, for any damage to third parties caused by the launch; and

(b)

to use the assessed amount as the minimum amount of total insurance.

(2) In subregulation (1):
"jointly-appointed insurance analyst" means an insurer or actuary who:

(a)

is jointly appointed by the Minister and the applicant for the overseas launch certificate; and

(b)

is professionally qualified to give the assessment referred to in paragraph (1) (a).