Commonwealth Consolidated Acts

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INSURANCE ACT 1973 - SECT 62G

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 under subsection   (2).

  (2)   APRA may, by legislative instrument, approve a class of persons for the purposes of subparagraph   (1)(b)(ii).

  (3)   A delegate must, on the request of a person in relation to whom 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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