31Delegation—Reserve Bank

#### 31 Delegation—Reserve Bank (1) The Reserve Bank may, by written instrument, delegate all or any of its functions or powers under this Act (including its functions or powers as a nominated special regulator) to a person who holds any of the following offices: (a) Governor of the Reserve Bank; (b) Deputy Governor of the Reserve Bank; (c) Assistant Governor of the Reserve Bank; (d) Department Head of the Reserve Bank; (e) any other prescribed office in the Reserve Bank Service. (2) Subject to subsection (2A), the Governor of the Reserve Bank may, in writing, delegate all or any of the Governor’s functions or powers under this Act (including the Governor’s functions or powers as the head of a nominated special regulator) to a person who holds any of the following offices: (a) Deputy Governor of the Reserve Bank; (b) Assistant Governor of the Reserve Bank; (c) Department Head of the Reserve Bank; (d) any other prescribed office in the Reserve Bank Service. (2A) A power or function under subsection 20(2) (which relates to the conduct of arbitrations) must not be delegated under subsection (2) of this section. (3) In exercising powers under a delegation under subsection (1) or (2), the delegate must comply with any directions of the delegator. > Note: For further information about delegations, see sections 34AA to 34A of the Acts Interpretation Act 1901. (4) This section does not limit a power of delegation that a delegator mentioned in subsection (1) or (2) has under any other Act.