INSURANCE ACT 1973 - SECT 85 Delegation
INSURANCE ACT 1973 - SECT 85
Delegation(1) Powers under this Division may be delegated as follows:
(a) APRA's powers may be delegated under section 15 of the Australian Prudential Regulation Authority Act 1998 ;
(b) an inspector may, by signed instrument, delegate his or her powers to an APRA member or an APRA staff member.
(2) A delegate must, on the request of the trustee of a
designated security trust fund in relation to which the delegated powers are
exercisable or of a person affected by the exercise of those powers, produce
the instrument of delegation, or a copy, for inspection.