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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 119A

Delegation by members

  (1)   A member may, in writing, delegate to a person all or any of his or her functions and powers.

  (2)   A member must not, without the Minister's approval, delegate a function or power to a person other than:

  (a)   a staff member; or

  (b)   a person who, by virtue of the regulations, is a prescribed person in relation to the delegation; or

  (c)   if the member is the Chairperson or a Deputy Chairperson and the function or power is a function or power of the member as Chairperson or Deputy Chairperson--another member or a senior staff member.

  (3)   In the performance of a function, or the exercise of a power, delegated under this section, the delegate is subject to the member's directions.

 


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