54Actuarial investigation of funds

54 Actuarial investigation of funds

(1) The Governing Board must appoint a person (an actuary) who is recognised as an actuary and holds qualifications the Governing Board considers suitable to carry out investigations under this section.

(2) The actuary must investigate the state and adequacy of the money and funds of the Authority—

(a) at the request of the Governing Board; and

(b) at least once every 3 years.

(3) The actuary must—

(a) report the outcome of each investigation to the Governing Board; and

(b) state in the report an opinion about whether the rates of levies payable under this Act should be reduced, increased or stay the same; and

(c) give a copy of the report to the Minister.

Part 6—Dispute resolution and enforcement

Division 1—VCAT reviews

55 Review by VCAT

(1) A person whose interests are affected by any of the following decisions may apply to VCAT for review of the decision—

(a) a decision of the registrar to refuse to register a person on the employers register or workers register for a covered industry;

(b) a decision of the registrar to move a person from the active part of the employers register or workers register for a covered industry to the inactive part of that register;

(c) a decision of the registrar to refuse to
move a person from the inactive part of the employers register or workers register for a covered industry to the active part of that register;

(d) a decision of the registrar in relation to the service for which a worker is entitled to be credited;

(e) a refusal by the Authority to pay a long service benefit, or make a payment for or on behalf of long service leave, under this Act;

(f) a refusal by the Authority to pay a person under this Act on behalf of a reciprocal authority;

(g) a refusal by the Authority to reimburse an employer under—

(i) clause 23 of Schedule 2; or

(ii) clause 23 of Schedule 3.

(2) An employer or contract worker for a covered industry may apply to VCAT for review of a decision of the Governing Board determining or changing the rate of levy payable by the employer or contract worker.