Financial Sector Reform (Queensland) Act 1999
sec.57Only appropriately qualified person may be authorised etc.
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sec.57 Only appropriately qualified person may be authorised etc.
The power to authorise a person, or to delegate a power to a person, under an applied provision is a power only to authorise, or delegate the power to, an appropriately qualified person. In this section— applied provision means any of the following provisions applied under this division— section 53(1) of the AFIC Code; sections 77(1) and 356(1) of the Financial Institutions Code; sections 33(1) and 419(1) of the Friendly Societies Code. (sec.57-ssec.1) The power to authorise a person, or to delegate a power to a person, under an applied provision is a power only to authorise, or delegate the power to, an appropriately qualified person. (sec.57-ssec.2) In this section— applied provision means any of the following provisions applied under this division— section 53(1) of the AFIC Code; sections 77(1) and 356(1) of the Financial Institutions Code; sections 33(1) and 419(1) of the Friendly Societies Code.
- (a) section 53(1) of the AFIC Code;
- (b) sections 77(1) and 356(1) of the Financial Institutions Code;
- (c) sections 33(1) and 419(1) of the Friendly Societies Code.