Commonwealth Consolidated Acts

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LOANS SECURITIES ACT 1919 - SECT 5D

Delegation under sections 3, 5A, 5B and 5C

             (1)  The Treasurer may, by signed instrument, delegate to:

                     (a)  a specified officer of the Department; or

                     (b)  any person who from time to time holds, or performs the duties of, a specified office in the Department;

all or any of the following powers:

                     (c)  the powers (if any) of the Treasurer under subsection 3(2) to determine matters for the purposes of paragraph 3(1)(b) or (c);

                     (d)  the powers of the Treasurer under sections 5A, 5B and 5C.

             (2)  The Treasurer may, by signed instrument, delegate to:

                     (a)  a specified member of the diplomatic mission of Australia in a foreign country; or

                     (b)  any person who from time to time holds, or performs the duties of, a specified post in the diplomatic mission of Australia in a specified foreign country;

all or any of the following powers:

                     (c)  the powers (if any) of the Treasurer under subsection 3(2) to determine matters for the purposes of paragraph 3(1)(b) or (c);

                     (d)  the powers of the Treasurer under section 5A;

                     (e)  the powers of the Treasurer under section 5C in so far as they are exercisable for the purposes of an action or proceeding relating to:

                              (i)  an agreement referred to in section 5A; or

                             (ii)  the issue by the Treasurer of any stock or security in relation to the borrowing of money outside Australia.



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