Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 1101J

Delegation

             (1)  The Minister may delegate any of the Minister's powers under this Chapter to:

                     (a)  ASIC; or

                     (b)  a member of ASIC (within the meaning of section 9 of the Australian Securities and Investments Commission Act 2001 ); or

                     (c)  a staff member of ASIC who is a senior staff member (within the meaning given by subsection 5(1) of that Act).

-           (2)  However, the Minister must not delegate the Minister's powers under section 1023H, 1023J, 1023K or 1023M (which deal with product intervention orders) to a person other than ASIC.

   



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