Commonwealth Consolidated Acts

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INSURANCE ACT 1973 - SECT 46

Notification of appointment as an auditor or actuary

  (1)   Within 14 days after a general insurer appoints a person as an auditor or actuary, the insurer must give APRA written notice of these matters:

  (a)   the person's name;

  (b)   details of the person's qualifications and experience;

  (c)   the date of the appointment;

  (d)   any other matter specified for the purposes of this section by the prudential standards.

  (2)   Within 14 days after a person stops being the principal auditor or the actuary of a general insurer, the insurer must give APRA written notice of that event (including the date on which it happened and the reasons for and circumstances of the event).


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