Commonwealth Consolidated Acts

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INSURANCE ACT 1973 - SECT 85

Delegation

  (1)   Powers under this Division 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 an APRA member or an APRA staff member.

  (2)   A delegate must, on the request of the trustee of a designated security trust fund 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, for inspection.


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