112Approval of appointment of auditor or actuary

112 Approval of appointment of auditor or actuary (1) The trustees of an approved scheme may, in writing, ask the Minister to approve— (a) the appointment of a person as auditor for the scheme; or (b) the appointment of a person as actuary for the scheme. (2) The Minister may approve the appointment only if satisfied that the person meets the eligibility criteria for the appointment prescribed under the prudential standards. (3) The Minister must give the trustees notice of the Minister’s decision to approve or refuse to approve the appointment. (4) If the Minister refuses to approve an appointment, the notice must include the reasons for the refusal. Note For what must be included in a statement of reasons, see the Legislation Act, s 179.