Delegation by the Treasurer
10A Delegation by the Treasurer
The Treasurer may, in writing, delegate to the Secretary of the Department, or an SES employee or acting SES employee in the Department, all or any of the Treasurer’s functions or powers under the following provisions:
section 5A (transfers to and from the Reserve Bank of special drawing rights);
subsection 7(1A) (issuing securities to the Bank or another body).
Sections 34AA to 34A of the Acts Interpretation Act 1901 contain provisions relating to delegations.
A person performing a function or exercising powers under a delegation under subsection (1) must comply with any written directions of the Treasurer under subsection (3).
The Treasurer may, in writing, give directions for the purposes of subsection (2).
This Act’s bill:Second reading speech
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