Document ID: chunk:federal_register_of_legislation:C2004C01110:clause:8_16
Version: federal_register_of_legislation:C2004C01110
Segment Type: clause
Provision Reference: sch 8 cl 16
Character Range: 296694–297718

16  Transitional provisions relating to actuaries

(1) If an appointment of a person as an actuary to a friendly society is in force under any of the Friendly Societies Codes immediately before the transfer date and that friendly society is a transferring friendly society, the person is taken, on the transfer date:
 (a) to have been granted an approval under subsection 93(6) of the amended Act; and
 (b) to have been appointed as actuary of the transferring friendly society in accordance with section 93 of the amended Act.

(2) An approval or appointment that is taken by subitem (1) to have been granted or made may be dealt with under the amended Act:
 (a) in the case of an approval—as if it had actually been granted under subsection 93(6) of the amended Act; and
 (b) in the case of an appointment—as if it actually were an appointment in accordance with section 93 of the amended Act.

(3) Subsection 95(1) of the amended Act does not apply to an appointment that is taken by paragraph (1)(b) to have been made.