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COMMONWEALTH INSCRIBED STOCK ACT 1911 - SECT 51H

Delegation by Governor - General and authorisation by Treasurer

  (1)   The Governor - General may, either generally or as otherwise provided by the instrument of delegation, by writing signed by the Governor - General, delegate to the Treasurer all or any of his or her powers under sections   4, 7 and 51B.

  (2)   The Treasurer may, either generally or as otherwise provided in the instrument of authorization, by writing signed by the Treasurer, authorize:

  (a)   a specified person;

  (b)   a person for the time being holding or performing the duties of a specified office or position in the Australian Public Service; or

  (c)   a person for the time being holding or performing the duties of a specified office in the Reserve Bank Service;

to exercise a power that has been delegated to the Treasurer under subsection   (1).

  (3)   Any act or thing done:

  (a)   by the Treasurer in the exercise of a power delegated to the Treasurer under subsection   (1); or

  (b)   by a person in the exercise of a power pursuant to an authorization by the Treasurer under subsection   (2);

has the same force and effect as if it had been done by the Governor - General.

  (4)   A delegation under subsection   (1) does not prevent the exercise of a power by the Governor - General.

  (5)   The giving of an authorization under subsection   (2) does not prevent the exercise of a power by the Treasurer.



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