Scheme Actuary and Reviewing Actuary
The Board of the NDIA (Board) is to nominate a Scheme Actuary under section 180A of the National Disability Insurance Scheme Act 2013 (NDIS Act).
The duties of the Scheme Actuary are set out in section 180B of the NDIS Act. The Scheme Actuary is responsible for, among other things, assessing the financial sustainability of the National Disability Insurance Scheme (NDIS).
There is no limit to the duration of a person’s nomination as the Scheme Actuary.
Sarah Johnson was nominated as the Scheme Actuary under section 180A of the NDIS Act on 4 November 2013 for a period of 3 years.
The Board of the NDIA is to nominate a Reviewing Actuary under section 180D of the NDIS Act.
The duties of the Reviewing Actuary are set out in section 180E of the NDIS Act. The Reviewing Actuary is responsible for, among other things, reviewing and reporting to the Board on actuarial reports and advice received by the Board.
The nomination of the Reviewing Actuary has effect for a period specified in the nomination, for a maximum of 3 years.
Peter Martin, the Australian Government Actuary, was nominated as the first Reviewing Actuary under section 180D(5) of the NDIS Act and was reappointed for a further three years to 30 July 2019.