Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Minister may, by signed instrument, delegate to:
(a) an ASIC member; or
(b) an ASIC staff member;
such of the Minister's functions and powers under this Act as are prescribed.
(1A) However, the Minister must not delegate the Minister's powers under section 301H, 301J, 301K or 301M (which deal with product intervention orders) to a person other than ASIC.
(2) In performing functions or exercising powers under a delegation, the delegate must comply with any directions of the Minister.
This Part deals with miscellaneous matters.
Division 1A has rules that prohibit schemes that are designed to avoid the application of this Act in relation to small amount credit contracts and consumer leases or to avoid the application of product intervention orders.
Division 2 deals with when a person will be liable for the conduct of others (usually the person's employee or agent).
Division 3 provides for AAT review of ASIC's decisions.
Division 4 provides for regulations to be made.
Division 5 has other miscellaneous provisions (such as Ministerial
delegations).