Commonwealth Consolidated Acts

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AUSTRALIAN INSTITUTE OF MARINE SCIENCE ACT 1972 - SECT 50A

Delegation of powers by Finance Minister

             (1)  The Finance Minister may, by written instrument, delegate to an official (within the meaning of the Financial Management and Accountability Act 1997 ) the power:

                     (a)  to approve the provision of guarantees as mentioned in paragraph 10(2)(hb); or

                     (b)  to approve the borrowing of money on terms and conditions specified in, or consistent with, the approval as mentioned in subsection 42B(1); or

                     (c)  to enter into contracts as mentioned in subsection 42C(1); or

                     (d)  to make determinations as mentioned in subsection 42C(2).

             (2)  In exercising power under a delegation, the official must comply with any directions of the Finance Minister.



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