51Delegation and subdelegation by CEO

#### 51 Delegation and subdelegation by CEO (1) The CEO may, in writing, delegate all or any of the CEO’s powers or functions under this Act to a member of the staff referred to in subsection 44(1). (2) If the Corporation or the Board delegates a power or function under subsection 49(1) or 50(1) to the CEO, the CEO may, in writing, subdelegate the power or function to a member of the staff referred to in subsection 44(1). (3) In exercising any powers or performing any functions under the delegation or subdelegation, the delegate or subdelegate must comply with any directions of the CEO. (4) Sections 34AA, 34AB and 34A of the Acts Interpretation Act 1901 apply in relation to a subdelegation in a corresponding way to the way in which they apply in relation to a delegation.