National Consumer Credit Protection Act 2009
CHAPTER 7
-
MISCELLANEOUS
PART 7-1
-
MISCELLANEOUS
Division 5
-
Other miscellaneous provisions
SECTION 337
MINISTER MAY DELEGATE PRESCRIBED FUNCTIONS AND POWERS UNDER THIS ACT
337(1)
The Minister may, by signed instrument, delegate to:
(a) an ASIC member; or
(b) an ASIC staff member;
337(1A)
However, the Minister must not delegate the Minister ' s powers under section 301H , 301J , 301K or 301M (which deal with product intervention orders) to a person other than ASIC.
337(2)
In performing functions or exercising powers under a delegation, the delegate must comply with any directions of the Minister.
The Minister may, by signed instrument, delegate to:
(a) an ASIC member; or
(b) an ASIC staff member;
such of the Minister ' s functions and powers under this Act as are prescribed.
337(1A)
However, the Minister must not delegate the Minister ' s powers under section 301H , 301J , 301K or 301M (which deal with product intervention orders) to a person other than ASIC.
View history note
Hide history note337(2)
In performing functions or exercising powers under a delegation, the delegate must comply with any directions of the Minister.