Delegation
32 Delegation
The
Commissioner may delegate functions related to the administration of the first home owner grant scheme or to the administration of the new home grant scheme.
Without limiting subsection (1), the Commissioner may enter into an agreement (an administration agreement) with a financial institution or other person under which—
the
Commissioner delegates functions related to the administration of the first home owner grant scheme or the new home grant scheme; and
the financial institution or other person is required to carry out the delegated functions in accordance with specified conditions.
The conditions of an administration agreement may include conditions prescribed by the regulations.
If an administration agreement includes prescribed conditions, a financial institution or other person that contravenes a prescribed condition is guilty of an offence.
Maximum penalty: $10 000.
The
Commissioner may, at any time, at the Commissioner's discretion, revoke an administration agreement or any other delegation under this section.
This provision refers to the regulations (prescribed by the regulations
, prescribed conditions
). Made under this Act:
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