Commonwealth Consolidated Acts

AUSTRALIAN INDUSTRY DEVELOPMENT CORPORATION ACT 1970 - SECT 23

             (1)  The Corporation may, by instrument in writing or resolution of the Board, delegate to a Director, to a committee of the Board consisting of 2 or more Directors or to an officer or employee of the Corporation or the receiving subsidiary all or any of its powers under this Act.

             (2)  Subsection (1) does not apply to an officer or employee of the receiving subsidiary unless the receiving subsidiary is a subsidiary of the Corporation.