INSURANCE ACT 1973 - SECT 49G Who can be appointed as a section 49E actuary
INSURANCE ACT 1973 - SECT 49G
Who can be appointed as a section 49E actuary(1) A person can only be appointed as an actuary for the purposes of section 49E if the person is ordinarily resident in Australia and:
(a) the person is a Fellow of The Institute of Actuaries of Australia; or
(b) APRA has approved (in writing) the person as an actuary for the purposes of section 49E.
(2) APRA may only approve a person if APRA is satisfied that the
person has actuarial qualifications and experience that make the person fit to
perform the functions of an actuary for the purposes of section 49E.