Commonwealth Consolidated Acts

NATIONAL CONSUMER CREDIT PROTECTION ACT 2009 - SECT 337

  (1)   The Minister may, by signed instrument, delegate to:

  (a)   an ASIC member; or

  (b)   an ASIC staff member;

such of the Minister's functions and powers under this Act as are prescribed.

  (1A)   However, the Minister must not delegate the Minister's powers under section   301H, 301J, 301K or 301M (which deal with product intervention orders) to a person other than ASIC.

  (2)   In performing functions or exercising powers under a delegation, the delegate must comply with any directions of the Minister.