57Eligibility criteria for appointment as special actuary

57 Eligibility criteria for appointment as special actuary (1) For section 54EF(3) of the Act, this regulation prescribes the eligibility criteria for the appointment of a person as a special actuary for an approved scheme. (2) The person must: (a) be Fellow of the Institute of Actuaries of Australia; or (b) have the actuarial qualifications and experience necessary to enable the person to perform the functions of a special actuary under the Act. (3) The following persons are not eligible for appointment as the special actuary for an approved scheme: (a) the auditor or actuary for the scheme;

Chapter 3 Fidelity fund schemes and approved schemes Part 3.3 Approved schemes – general matters Division 2 Special actuaries Building (RBI and Fidelity Fund Schemes) Regulations 2012 32 (b) a trustee or officer of the scheme.