Who can be appointed as special actuary

In force

(1)

A person can only be appointed as a special actuary for section 122 (Special actuary to investigate liabilities) if the person—

(a)

is a Fellow of The Institute of Actuaries of Australia; or

(b)

the Minister has, in writing, approved the person as an actuary for that section.

(2)

The Minister may approve a person only if satisfied that the person has actuarial qualifications and experience that make the person an appropriate person to exercise the functions of a special actuary for section 122.

This Act’s bill:Explanatory statement Second reading speech

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125 Who can be appointed as special actuary