Actuary
50 Actuary
The Minister may appoint a person or organisation as the Actuary for the purposes of this Act and the regulations.
A person or organisation appointed as the Actuary holds office, subject to this Act, for the period, and on the terms and conditions, specified in the instrument of appointment.
A person may only be appointed under subsection (1) if he or she is a Fellow of the Institute of Actuaries (Australia), the Institute of Actuaries (London) or the Institute of Actuaries (Edinburgh).
An organisation may only be appointed under subsection (1) if the organisation employs a person who is a Fellow of the Institute of Actuaries (Australia), the Institute of Actuaries (London) or the Institute of Actuaries (Edinburgh).
A person or organisation who or that is appointed as the Actuary ceases to be the Actuary if the person or organisation ceases to be a person or organisation who or that may be appointed under subsection (1).
The Minister may, by notice to a person or organisation, revoke the appointment of the person or organisation as the Actuary.
This provision refers to the regulations (the regulations
). Made under this Act:
- Public Sector Superannuation Reform (Declaration of Commission) Notice 2020 · Regulation · under section 6(5)
- Public Sector Superannuation Reform (Parliamentary Superannuation) Regulations 2016
- Public Sector Superannuation Reform Regulations 2017
2 more instruments made under this Act are listed on the Act’s overview.
This Act’s bill:Explanatory notesSecond reading speech
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