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COMMONWEALTHAct
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s 85

Delegation

In force
Part VIILloyd’s
Division 4Investigations
Subdivision BInvestigations

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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