SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993
This section applies if the RSE licensee law:
(a) requires an actuary of a registrable superannuation entity to be appointed; or
(b) requires or permits a function or duty to be performed, or a power to be exercised, by an actuary. 35AD(2)
The RSE licensee of a registrable superannuation entity must not appoint a person as an actuary of the entity unless the RSE licensee is reasonably satisfied that the person:
(a) meets the eligibility criteria for actuaries of registrable superannuation entities set out in the prudential standards; and
(b) has not been disqualified from being or acting as an actuary of a registrable superannuation entity under section 130D . 35AD(3)
A person who is appointed as an actuary must perform the functions and duties set out in the RSE licensee law that are relevant to the person ' s appointment. 35AD(4)
The appointed actuary must comply with the RSE licensee law in performing the functions and duties. 35AD(5)
The trustee of the registrable superannuation entity to whom the RSE licensee law applies must make any arrangements that are necessary to enable the appointed actuary to perform the functions and duties. 35AD(6)
The RSE licensee of a registrable superannuation entity must end the appointment of a person as an actuary of the entity if the RSE licensee becomes aware that the person:
(a) no longer meets the eligibility criteria for actuaries of registrable superannuation entities set out in the prudential standards; or
(b) has been disqualified from being or acting as an actuary of a registrable superannuation entity under section 130D .
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.