Delegation
30 Delegation
The Commissioner may delegate any of the Commissioner's powers or functions under this Act.
Without limiting subsection (1), the Commissioner may enter into an arrangement (an administration arrangement) with a financial institution or other person under which:
the Commissioner delegates powers or functions related to the administration of the first home owner grant scheme; and
the financial institution or other person is required to carry out the delegated powers or functions in accordance with specified conditions.
The conditions of an administration arrangement may include conditions prescribed by regulation.
If an administration arrangement includes prescribed conditions, a financial institution or other person that contravenes a prescribed condition commits an offence.
Maximum penalty: 100 penalty units.
Note for Division 1
It should be noted that:
Part 9 of the Taxation
Administration Act 2007 provides for the conduct of authorised investigations into matters relevant to the administration and enforcement of this Act; and
Part 10 of the Taxation
Administration Act 2007 deals with confidential information obtained in the course of the administration of this Act; and
Part 11 of the Taxation
Administration Act 2007 provides for objections, reviews and appeals in relation to decisions made in the course of the administration of this Act.
This provision refers to the regulations (prescribed by regulation
, prescribed conditions
). Made under this Act:
This Act’s bill:Second reading speech
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