Superannuation Administration Act 1996
77Delegation of functions
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77 Delegation of functions
77 Delegation of functions
(1) STC may delegate to an authorised person any of its functions, other than this power of delegation.
(2) STC may also delegate any of its functions relating to the STC schemes—
(a) to a natural person with whom STC has entered into a contract or an arrangement under this Act, or
(b) to the chief executive or Board of any organisation with which STC has entered into such a contract or an arrangement.
(3) STC may not delegate any of its principal functions as trustee under this section, other than the STC dispute function.
(3A) STC may, in respect of a dispute, a class of disputes or all disputes under the Acts under which the STC schemes are established or constituted, delegate the STC dispute function to a committee that is comprised of or includes members of the STC Board.
(4) In this section, authorised person means a member of the STC Board, the chief executive of STC or a committee that is comprised of or includes members of the Board.
(5) Section 64 (7) of the Trustee Act 1925 applies to STC and to a delegate under this section.
s 77: Am 2005 No 52, Sch 7 [16] [17].