Investigation of the Fund
24 Investigation of the Fund
An investigation into the state and sufficiency of the Fund must be carried out on a yearly basis.
An investigation under this section will be carried out by an actuary appointed for the purpose by the Board.
The actuary carrying out an investigation under this section will report to the Board on the result of the investigation and must state whether any reduction or increase is necessary in the rates of contribution to the
Fund.
The Board must, on receipt of a report under subsection (3)—
supply a copy of the report to the Minister; and
include with the report an indication as to whether the Board intends to vary, or leave unaltered, the rates of contribution to the Fund required under section 26.
The Minister must, within six sitting days after receipt of a report supplied under subsection (4), cause a copy of the report to be laid before both Houses of Parliament.
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