(1) The Institute may, either generally or as otherwise provided by the instrument of delegation, by writing under its common seal:
(a) delegate to a member;
(b) delegate to a member of the staff of the Institute; and
(c) with the approval of the Minister--delegate to any other person or body;
all or any of the Institute's powers or functions under this Act, other than this power of delegation.
(2) A power or function so delegated, when exercised or performed by the delegate, shall, for the purposes of this Act, be deemed to have been exercised or performed by the Institute.
(3) A delegation does not prevent the exercise of a power or performance of a function by the Institute.