Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A person who is, or has been, the appointed actuary of a life company has qualified privilege in respect of any statement, whether written or oral, made by him or her for the purpose of the performance of his or her functions as appointed actuary of the company.
(2) In particular (and without limiting subsection (1)), a person who is or has been the appointed actuary of a life company has qualified privilege in respect of:
(a) any statement, written or oral, made by him or her under, or for the purposes of, a provision of this Act or the Financial Accountability Regime Act 2023 ; and
(b) the answer to any question he or she is required by the audit committee of the life company to answer.
(3) The privilege conferred by this section is in addition to any privilege conferred on a person by any other law.