76Calculation of amount of contribution by actuary

76 Calculation of amount of contribution by actuary (1) As soon as practicable after the end of a financial year, a scheme's actuary must: (a) calculate the appropriate amount for a contribution to the scheme by a builder to enable the issuing of a certificate; and (b) advise the trustees in writing of each calculation. Note for subregulation (1)(a) A calculation of the appropriate amount for a contribution is required before the application for approval of the scheme may be made because regulation 26(3)(c) requires a preliminary contributions certificate to be included in the application. (2) In addition to any other matter the actuary considers appropriate, the actuary must have regard to the following in calculating the appropriate amount of a contribution to be made by a builder: (a) the scheme's capital management plan; (b) the valuation of the liabilities of the scheme mentioned in regulation 78; (c) the number of certificates already issued; (d) the total amount that could be claimed under the certificates already issued; (e) any other matter the Minister specifies by Gazette notice.