Financial Intermediaries Act 1996
sec.197Delegation of powers by investigator
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sec.197 Delegation of powers by investigator
An investigator may delegate the investigator’s powers under this part except— the power to administer oaths or affirmations; and the power to examine on oath or affirmation. An investigator may delegate the powers only to a person who has, in the investigator’s opinion, the appropriate expertise for exercising the powers (whether because of training or otherwise). A delegate must produce the instrument of delegation for inspection on request by an officer of a society the affairs of which are being investigated. (sec.197-ssec.1) An investigator may delegate the investigator’s powers under this part except— the power to administer oaths or affirmations; and the power to examine on oath or affirmation. (sec.197-ssec.2) An investigator may delegate the powers only to a person who has, in the investigator’s opinion, the appropriate expertise for exercising the powers (whether because of training or otherwise). (sec.197-ssec.3) A delegate must produce the instrument of delegation for inspection on request by an officer of a society the affairs of which are being investigated.
- (a) the power to administer oaths or affirmations; and
- (b) the power to examine on oath or affirmation.