60Corporation etc may exercise Secretary’s powers

60 Corporation etc may exercise Secretary’s powers

60 Corporation etc may exercise Secretary’s powers

(1) The Secretary may, with the consent and on the application of the Corporation, authorise the Corporation or a director or officer of the Corporation to exercise all or any of the Secretary’s functions under a regulation or provision of a regulation made under this Act.

(2) The authorisation is to be in writing and may be subject to conditions.

(3) The Secretary may at any time revoke an authorisation or revoke or amend a condition of an authorisation.

(4) Without limiting subsection (3), the Secretary may revoke an authorisation if the Corporation fails to comply with any condition of the authorisation or exercises any functions conferred by it in a manner that, in the Secretary’s opinion, is not in the public interest.

s 60: Am 2015 No 58, Sch 3.45 [1].