Commonwealth Consolidated Acts

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TERRORISM AND CYCLONE INSURANCE ACT 2003 - SECT 40

Delegation by Corporation

  (1)   The Corporation may, by writing, delegate all or any of its powers or functions under this Act to:

  (a)   the Chief Executive; or

  (b)   a person employed under section   32.

  (2)   However, a power or function under section   8F (declarations about cyclone events) may only be delegated to:

  (a)   the Chief Executive; or

  (b)   a person employed under section   32 in a senior executive position.

 



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