Delegation

In force

(1)

The

Board may delegate a function or power under this Act (other than a prescribed function or power)—

(a)

to a member of the Board; or

(b)

to a committee established by the Board; or

(c)

to a specified body or person (including a person for the time being holding or acting in a specified office or position).

(2)

A delegation under this section—

(a)

must be by instrument in writing; and

(b)

may be absolute or conditional; and

(c)

does not derogate from the ability of the Board to act in any matter; and

(d)

is revocable at will.

(3)

A function or power delegated under this section may, if the instrument of delegation so provides, be further delegated.

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