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Section 44 - Financial Sector (Shareholdings) Act 1998 - Delegation by Treasurer — Zoe

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Financial Sector (Shareholdings) Act 1998

44Delegation by Treasurer

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#### 44 Delegation by Treasurer (1) Subject to subsection (1A), the Treasurer may, by writing, delegate any or all of the Treasurer’s powers under this Act to: (a) APRA; or (b) an APRA member (within the meaning of the Australian Prudential Regulation Authority Act 1998); or (c) an APRA staff member (within the meaning of the Australian Prudential Regulation Authority Act 1998). (1A) The Treasurer must not delegate the Treasurer’s power under subsection 45A(2) (power to consent to APRA making rule). (2) The delegate is, in the exercise of any power delegated under subsection (1), subject to the directions of the Treasurer.

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