Commonwealth Consolidated Acts

PAYMENT SYSTEMS (REGULATION) ACT 1998 - SECT 31

  (1)   The Reserve Bank may, by written instrument, delegate all or any of its functions or powers under this Act to a person who holds any of the following offices:

  (a)   Governor of the Reserve Bank;

  (b)   Deputy Governor of the Reserve Bank;

  (c)   Assistant Governor of the Reserve Bank;

  (d)   Department Head of the Reserve Bank;

  (e)   any other prescribed office in the Reserve Bank Service.

  (2)   The Governor of the Reserve Bank may, in writing, delegate all or any of the Governor's functions or powers under this Act to a person who holds any of the following offices:

  (a)   Deputy Governor of the Reserve Bank;

  (b)   Assistant Governor of the Reserve Bank;

  (c)   Department Head of the Reserve Bank;

  (d)   any other prescribed office in the Reserve Bank Service.

  (3)   In exercising powers under a delegation under subsection   ( 1) or (2), the delegate must comply with any directions of the delegator.

Note:   For further information about delegations, see sections   34AA to 34A of the Acts Interpretation Act 1901 .