6Deputy Supervisor

6 Deputy Supervisor

6 Deputy Supervisor

(1) The duties, powers and authorities of the Supervisor may be performed and exercised by the person employed in the Public Service as the Deputy Supervisor of Loan Fund Companies.

(2) The Deputy Supervisor shall exercise the Deputy Supervisor’s office subject to such conditions and restrictions, if any, as the Supervisor may impose:

(a) generally,

(b) in relation to any specified matter or class of matters, or

(c) in relation to all matters other than any specified matter or class of matters.

(3) No person shall be concerned to see or inquire whether, in the case of any dealing or transaction with the Deputy Supervisor, any condition or restriction has been imposed on the exercise of the powers of the Deputy Supervisor or to inquire as to the Deputy Supervisor’s authority.

(4) All acts or things done or omitted by the Deputy Supervisor in the administration of this Act shall be as valid and effectual, and shall have the same consequences, as if the acts or things had been done or omitted by the Supervisor.

s 6: Am 1998 No 11, Sch 6.15 [1]; 2015 No 15, Sch 3.41 [2].