Building Act 2004

This section applies if the trustees of an approved scheme notify the Minister of the special actuary’s name under section 122 (3).

Within 7 days after the day the Minister is notified, the Minister may give written notice to the trustees that the actuary is not acceptable to the Minister.

If the trustees are given a notice under subsection (2), the trustees must within 7 days after the day they are given notice—

appoint a different special actuary; and

give the Minister written notice of the name of that actuary.

Subsection (2) applies whether the notification of the special actuary’s name is under section 122 (3) or subsection (3) (b).

The trustees of an approved scheme commit an offence if the trustees fail to comply with subsection (3).

An offence against this section is a strict liability offence.