Corporations Legislation Amendment (Simpler Regulatory System) Act 2007 (101 of 2007)

Schedule 1   Amendments

Part 2   Amendments commencing on 1 July 2007

Corporations Act 2001

197   After subsection 1345A(1)

Insert:

(1A) The Minister may, by signed instrument, delegate the function or power under subsection 147(2) or 601DC(2) to:

(a) a member of ASIC (within the meaning of paragraph (a) of the definition of member in subsection 5(1) of the Australian Securities and Investments Commission Act 2001); or

(b) a staff member of ASIC.