Australian Capital Territory Numbered Acts

BUILDING ACT 2004 (NO. 11 OF 2004) - SECT 123

    (1)     This section applies if the trustees of an approved scheme notify the planning and land authority of the special actuary's name under section 122 (3).

    (2)     Within 7 days after the day the planning and land authority is notified, the authority may give written notice to the trustees that the actuary is not acceptable to the authority.

    (3)     If the trustees are given a notice under subsection (2), the trustees must within 7 days after the day they are given notice—

        (a)     appoint a different special actuary; and

        (b)     give the planning and land authority written notice of the name of that actuary.

    (4)     Subsection (2) applies whether the notification of the special actuary's name is under section 122 (3) or subsection (3) (b).

    (5)     The trustees of an approved scheme commit an offence if the trustees fail to comply with subsection (3).

Maximum penalty: 100 penalty units.

    (6)     An offence against this section is a strict liability offence.