29PEObligation on actuary to answer questions

#### 29PE Obligation on actuary to answer questions (1) This section applies if a member of a registrable superannuation entity asks a person who has been an actuary of the registrable superannuation entity during a year of income of the entity a question at an annual members’ meeting for the entity for the year. (2) The actuary must answer the question at the meeting or, if it is not reasonably practicable to do so, within 1 month after the meeting. Penalty: 50 penalty units. (3) Subsection (2) does not apply: (a) if the question is not relevant to: (i) an action, or failure to act, by the RSE licensee in relation to the registrable superannuation entity or one or more members of the registrable superannuation entity; or (ii) the registrable superannuation entity; or (iii) an actuarial investigation of the registrable superannuation entity carried out by the actuary; or (iv) any matter that might reasonably be expected to be apparent to the actuary of the entity in relation to the entity; or (b) if it would be in breach of the governing rules of the registrable superannuation entity, this Act or any other law to answer the question; or (c) if answering the question would result in detriment to the members of the registrable superannuation entity, taken as a whole; or (d) in any other circumstances prescribed by the regulations.