Appointment of special actuary to investigate liabilities
54EF Appointment of special actuary to investigate liabilities
(1) The Minister may, by written notice given to the trustees of an approved scheme, require the trustees to appoint a person as a special actuary for the scheme:
(a) to investigate all or some of the scheme's liabilities as at a particular time; and
to give the Minister a written report within a specified period.
(2) An approved scheme must meet the expenses associated with the appointment of a person as its special actuary.
(3) A person appointed as a special actuary for an approved scheme must meet the eligibility criteria for appointment prescribed by regulation.
(4) A regulation may deal with matters relating to the appointment of a person as a special actuary for an approved scheme, including procedures:
(a) the trustees of the approved scheme must follow in relation to the appointment; and
(b) to be followed if the Minister considers that the person appointed is unsuitable to hold the appointment.
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