125Who can be appointed as special actuary

125 Who can be appointed as special actuary (1) A person can only be appointed as a special actuary for section 122 (Special actuary to investigate liabilities) if the person— (a) is a Fellow of The Institute of Actuaries of Australia; or (b) the Minister has, in writing, approved the person as an actuary for that section. (2) The Minister may approve a person only if satisfied that the person has actuarial qualifications and experience that make the person an appropriate person to exercise the functions of a special actuary for section 122.