Document ID: chunk:federal_register_of_legislation:C2004A03764:body:0:p13
Version: federal_register_of_legislation:C2004A03764
Segment Type: other
Provision Reference: 
Character Range: 31165–34003

of the company, give notice in writing to the Commissioner setting out:

     (a) the name of the appointee;
     (b) the date of birth of the appointee;
     (c) details of the relevant qualifications and work experience of the appointee;
     (d) the date of the appointment; and
     (e) such other information (if any) as is prescribed.
Penalty: $2,000.

Registered company to notify if appointed actuary ceases to act
"47d. A company registered under this Act shall, within 14 days after a person ceases to be the appointed actuary of the company, give notice in writing to the Commissioner of the date on which the person so ceased.
Penalty: $2,000.".

Actuarial reports, abstracts and statements of life insurance business
30. (1) Section 48 of the Principal Act is amended:
     (a) by omitting from paragraph (1) (a) "an actuary" and substituting "the appointed actuary";
     (b) by inserting in paragraph (1) (b) "appointed" before "actuary";
     (c) by inserting in subsection (2) "appointed" before "actuary".
(2) The amendments made by subsection (1) apply in relation to investigations commencing after the commencement of this section.

Provisions as to valuations
31. (1) Section 49 of the Principal Act is amended by inserting in subsection (4) "appointed" before "actuary".
(2) The amendment made by subsection (1) applies in relation to a valuation as follows:
     (a) in the case of a valuation made as part of an investigation under subsection 48 (1) of the Principal Act—if the investigation commenced after the commencement of this section;
     (b) in any other case—if the valuation was made after the commencement of this section.

Payments of dividends and bonuses from statutory funds
32. (1) Section 50 of the Principal Act is amended by omitting from subsection (2) "an actuary" and substituting "the appointed actuary".
(2) The amendment made by subsection (1) does not apply in relation to a payment, allocation or transfer approved before the commencement of this section.

Accounts, balance-sheets etc. to be signed and lodged with Commissioner
33. Section 52 of the Principal Act is amended:
     (a) by inserting after subsection (2a) the following subsections:
    "(2b) Where any document that is required by this section to be lodged with the Commissioner was required to be prepared by the appointed actuary of the company concerned, the company shall cause to be lodged with that document a statement, in accordance with the prescribed form, of the pecuniary interests of the actuary in respect of the company that are required by the form to be included in the form.
    "(2c) If the company lodges a statement for the purposes of subsection (2b) that the company believes, on reasonable grounds, to comply with the requirements of that subsection, the company shall be taken to have complied