Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The appointed actuary of a life company must perform for the company the functions of an actuary set out in the prudential standards and in reporting standards made by APRA under the Financial Sector (Collection of Data) Act 2001 .
(2) The life company must make any arrangements necessary to enable the appointed actuary to perform those functions. These arrangements may include (without limitation) the following:
(a) providing access to documents and information in the company's control;
(b) requiring officers or employees of the company to answer questions;
(c) allowing the actuary to attend meetings of directors of the company, annual general meetings or any other meetings of members of the company;
(d) allowing the actuary to speak at meetings of directors of
the company on matters under consideration that relate to the functions and
duties of the actuary.