Victorian Current Acts

LONG SERVICE BENEFITS PORTABILITY ACT 2018 - SECT 54

    (1)     The Governing Board must appoint a person (an  actuary ) who is recognised as an actuary and holds qualifications the Governing Board considers suitable to carry out investigations under this section.

    (2)     The actuary must investigate the state and adequacy of the money and funds of the Authority—

        (a)     at the request of the Governing Board; and

        (b)     at least once every 3 years.

    (3)     The actuary must—

        (a)     report the outcome of each investigation to the Governing Board; and

        (b)     state in the report an opinion about whether the rates of levies payable under this Act should be reduced, increased or stay the same; and

        (c)     give a copy of the report to the Minister.

Part 6—Dispute resolution and enforcement

Division 1—VCAT reviews