Document ID: chunk:federal_register_of_legislation:C2025C00135:section:98:p2
Version: federal_register_of_legislation:C2025C00135
Segment Type: section
Provision Reference: s 98 (pt 2/2)
Character Range: 196974–197754

of this Act, the Financial Sector (Collection of Data) Act 2001 or the Financial Accountability Regime Act 2023; or
 (ii) to avoid prejudice to the interests of owners of policies issued by the company; and
 (b) the appointed actuary is satisfied that there has been reasonable time for the taking of the action but the action has not been taken;
the appointed actuary must inform APRA in writing of the matter referred to in paragraph (a).
 (5) If:
 (a) a person becomes subject to an obligation under subsection (2) or (3) to inform APRA of anything; and
 (b) before the person informs APRA, the person ceases to be the appointed actuary of the life company concerned;
the person remains subject to the obligation as if he or she were still the appointed actuary of the company.