Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Board must, in writing, nominate as scheme actuary an actuary:
(a) who is a Fellow of The Institute of Actuaries of Australia; and
(b) who the Board considers is a fit and proper person, and has appropriate skills, experience or knowledge, to be the scheme actuary; and
(c) who is not the reviewing actuary.
(2) The Board must, in writing, revoke the nomination if the nominee ceases to be a Fellow of The Institute of Actuaries of Australia.
(3) Subsection (2) does not limit subsection 33(3) of the Acts Interpretation Act 1901 (which deals with revocation and variation of instruments).