S 72 repealed by No 164 of 2007, s 3 and Sch 12 item 65, effective 27 September 2007. S 72 formerly read:
SECTION 72 DELEGATION BY BOARD TO A MEMBER
72(1)
The Board may, by resolution, delegate to a member all or any of the Board's functions and powers under this Act, other than:
(a)
for PDFs
-
the Board's powers to make and revoke registration declarations; and
(b)
the Board's powers to register entities or revoke registration under Part
7A
; and
(c)
the Board's powers to register limited partnerships as VCLPs, ESVCLPs or AFOFs or revoke registration under Part
2
of the
Venture Capital Act 2002
; and
(ca)
the Board's powers to approve ESVCLPs
'
investment plans, and their replacement plans, under Part
2
of the
Venture Capital Act 2002
; and
(d)
the Board's powers to register entities as eligible venture capital investors or revoke registration under Part
3
of the
Venture Capital Act 2002
; and
(e)
the Board's powers to make determinations under Part
4
of the
Venture Capital Act 2002
.
History
S 72(1) amended by No 78 of 2007, s 3 and Sch 8 items 160 and 161, by inserting
"
, ESVCLPs
"
after
"
VCLPs
"
in para (c) and inserting para (ca), effective 21 June 2007.
S 72(1) amended by No 136 of 2002 and substituted by No 165 of 1999.
72(2)
A delegate is to perform or exercise a delegated function or power by writing signed by the delegate.
72(3)
A delegation of a function or power under subsection (1) may be varied or revoked by resolution of the Board (whether or not constituted by the persons who constituted the Board at the time when the function or power was delegated).
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