Financial Framework Legislation Amendment Act 2010 (148 of 2010)

Schedule 5   Amendment of the Commonwealth Authorities and Companies Act 1997

16   After section 48A

Insert:

48B Delegation by Minister

(1) A Minister may, by written instrument, delegate any of the Minister's powers or functions under the following provisions of this Act to a Secretary of a Department within the meaning of the Public Service Act 1999:

(a) section 14 (Estimates);

(b) paragraphs 16(1)(b) and (c) (Keeping responsible Minister and Finance Minister informed);

(c) subsection 16(2) (Keeping responsible Minister and Finance Minister informed);

(d) paragraph 18(3)(d) (Banking and investment (authorities other than GBEs and SMAs));

(e) section 39 (Estimates);

(f) paragraphs 41(1)(b) and (c) (Keeping responsible Minister and Finance Minister informed);

(g) subsection 41(2) (Keeping responsible Minister and Finance Minister informed).

(2) In exercising powers or functions under a delegation, the Secretary must comply with the Minister's directions.