16BConferral notice

16B Conferral notice

[Section 16B of Part 2 Inserted by No. 16 of 2003, s. 9, Applied:09 May 2003]

(1)  [Section 16B Subsection (1) amended by No. 78 of 2005, s. 10, Applied:15 Dec 2005] If the Minister has entered into an agreement under section 16A , the Minister may specify, by notice published in the Gazette, the functions and powers of the Regulator under this Act, the regulations or the Code that are to be performed and exercised by the AER.

(2)  A notice under subsection (1)  –

(a) is to be consistent with the agreement made under section 16A ; and

(b) [Section 16B Subsection (2) amended by No. 78 of 2005, s. 10, Applied:15 Dec 2005] may provide for all matters relating to the conferral of the functions and powers of the Regulator on the AER.

(3)  The Minister may amend or repeal a notice under subsection (1) by notice published in the Gazette.

(4)  A notice under subsection (1) or (3) takes effect –

(a) on a day, or at a time, specified in it; or

(b) on the happening of an event specified in it; or

(c) if no day, time or event is so specified in it, on the day it is published in the Gazette.

(5)  A notice under subsection (1) or (3) must not specify a day, time or event for the purposes of subsection (4)(a) or (b) that is earlier than the time at which the notice would take effect if no day, time or event were so specified.

(6)  A notice under subsection (1) or (3) is not a statutory rule for the purposes of the .