(1) The Australian Capital Territory Compulsory Third-Party Insurance Regulator (the CTP regulator ) is established.
Note 1 The CTP regulator is a corporation (see Financial Management Act 1996 , s 54 (1), s 72, def relevant territory authority , and s 73).
Note 2 The Legislation Act, dict, pt 1, defines establish as including continue in existence.
(2) The chief executive is the CTP regulator.
(3) The CTP regulator may delegate the CTP regulator's functions under the road transport legislation to a public employee.
Note For the making of delegations and the exercise of delegated functions, see the Legislation Act, pt 19.4.