Treasury Laws Amendment (Genetic Testing Protections in Life Insurance and Other Measures) Act 2026 (35 of 2026)

Schedule 3   Multilateral development banks - modernising and technical amendments

Part 1   Main amendments

International Monetary Agreements Act 1947

22   After section 10

Insert:

10A Delegation by the Treasurer

(1) The Treasurer may, in writing, delegate to the Secretary of the Department, or an SES employee or acting SES employee in the Department, all or any of the Treasurer's functions or powers under the following provisions:

(a) section 5A (transfers to and from the Reserve Bank of special drawing rights);

(b) subsection 7(1A) (issuing securities to the Bank or another body).

Note: Sections 34AA to 34A of the Acts Interpretation Act 1901 contain provisions relating to delegations.

(2) A person performing a function or exercising powers under a delegation under subsection (1) must comply with any written directions of the Treasurer under subsection (3).

(3) The Treasurer may, in writing, give directions for the purposes of subsection (2).