Commonwealth Consolidated Acts

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FINANCIAL SECTOR (SHAREHOLDINGS) ACT 1998 - SECT 44

Delegation by Treasurer

             (1)  The Treasurer may, by writing, delegate any or all of the Treasurer's powers under this Act to:

                     (a)  APRA (the Australian Prudential Regulation Authority); or

                     (b)  an APRA member (within the meaning of the Australian Prudential Regulation Authority Act 1998 ); or

                     (c)  an APRA staff member (within the meaning of the Australian Prudential Regulation Authority Act 1998 ).

             (2)  The delegate is, in the exercise of any power delegated under subsection (1), subject to the directions of the Treasurer.



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