Commonwealth Consolidated Acts

CURRENCY ACT 1965 - SECT 14A

  (1)   Coins:

  (a)   of a denomination of $5 or more; or

  (b)   whose standard composition consists of, or includes, gold, silver or platinum;

shall be issued at prices:

  (c)   determined, in writing, by the Treasurer; or

  (d)   calculated in accordance with a method determined, in writing, by the Treasurer.

  (2)   The Treasurer may, either generally or as otherwise provided by the instrument of delegation, by writing signed by him or her, delegate to a person all or any of his or her powers under subsection   ( 1).

  (3)   A power so delegated, when exercised by the delegate, shall be deemed to have been exercised by the Treasurer.

  (4)   A delegation under this section does not prevent the exercise by the Treasurer of the power or powers so delegated.

  (5)   Where the Treasurer has delegated a power to a person under this section, the Treasurer may give directions to that person with respect to the exercise of that power and the power shall not be exercised by the delegate otherwise than in accordance with any such directions.