(1) The Minister may, by notice published in the Government Gazette, make a Ministerial Order regarding the arrangements that are to apply where—
(a) in accordance with section 395 or 396, an employer, as a self-insurer, assumes liability for its tail claims; or
(b) in accordance with section 397, a self-insurer assumes liability for the tail claims of an employer to which section 434 applies that is a body corporate that becomes an eligible subsidiary of the self-insurer.
(2) Without limiting subsection (1), the Ministerial Order may specify—
(a) the method of calculating a settlement amount that must be paid by the Authority to the self-insurer; and
(b) the manner in which the amount is to be paid.
(3) The Authority must make payment to the self-insurer of a settlement amount in accordance with the Ministerial Order.