Delegating Powers and Responsibilities
The Institute has received legal advice regarding the delegation of responsibilities and/or powers by actuaries acting as an Appointed Actuary.
The general rule is that an Appointed Actuary cannot further delegate responsibilities or powers they have under the relevant legislation; however, this does not mean that the Appointed Actuary must undertake all of the steps involved in the delegated activity.
For more information, read Delegation of Powers and Responsibilities or contact us at actuaries@actuaries.asn.au.