24Delegation by Managing Director

#### 24 Delegation by Managing Director (1) The Managing Director may, either generally or as otherwise provided by the instrument of delegation, by writing signed by him or her, delegate to an employee of the Corporation all or any of his or her powers under this Act, the regulations or the rules, other than this power of delegation. (2) A power delegated under this section, when exercised by the delegate, shall, for the purposes of this Act, the regulations or the rules, be deemed to have been exercised by the Managing Director. (3) A delegation under this section does not prevent the exercise of a power by the Managing Director.