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Financial Sector Reform (Amendments and Transitional Provisions) Act 1998
Part 3Changing the administration of the Act (amendments to take account of Schedule 2 to the Insurance Laws Amendment Act 1998)
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Part 3—Changing the administration of the Act (amendments to take account of Schedule 2 to the Insurance Laws Amendment Act 1998)
Omit “the Commissioner or the inspector may”, substitute “an authorised person (if the investigation is by APRA), or the inspector, may”.
(3A) APRA’s powers under subsection (3) to make copies of, or take extracts from, books may be exercised on APRA’s behalf by an authorised person.
(b) an inspector may, by signed instrument, delegate his or her powers to an APRA staff member, within the meaning of the Australian Prudential Regulation Authority Act 1998.