Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 1101J

Delegation

             (1)  The Minister may delegate all or 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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