(1) The Treasurer may delegate a power or function vested in or conferred on the Treasurer by or under this Act—
(a) to a particular person or body; or
(b) to the person for the time being holding or acting in a particular office or position.
(2) A power or function delegated under this section may, if the instrument of delegation so provides, be further delegated.
(3) A delegation—
(a) may be absolute or conditional; and
(b) does not derogate from the power of the delegator to act in a matter; and
(c) is revocable at will by the delegator.