16DTermination of conferral agreement

16D Termination of conferral agreement

[Section 16D of Part 2 Inserted by No. 16 of 2003, s. 9, Applied:09 May 2003] On the termination of an agreement referred to in section 16A  –

(a) [Section 16D Amended by No. 78 of 2005, s. 12, Applied:15 Dec 2005] all notices under section 16B in respect of the conferral on the AER of a function or power of the Regulator are revoked; and

(b) [Section 16D Amended by No. 78 of 2005, s. 12, Applied:15 Dec 2005] the conferral of that function or power on the AER ceases to have effect; and

(c) [Section 16D Amended by No. 78 of 2005, s. 12, Applied:15 Dec 2005] the AER is no longer entitled to perform or exercise that function or power.