Commonwealth Consolidated Acts

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INSURANCE ACT 1973 - SECT 59

Delegation

  (1)   Powers under this Part may be delegated as follows:

  (a)   APRA's powers may be delegated under section   15 of the Australian Prudential Regulation Authority Act 1998 ;

  (b)   an inspector may by signed instrument delegate his or her powers to:

  (i)   an APRA member or an APRA staff member; or

  (ii)   a person included in a class of persons approved in writing by APRA for the purposes of this subparagraph.

  (3)   A delegate shall, on the request of an officer of a body corporate in relation to which the delegated powers are exercisable or of a person affected by the exercise of those powers, produce the instrument of delegation, or a copy of the instrument, for inspection.



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