National Consumer Credit Protection Act 2009

CHAPTER 7 - MISCELLANEOUS  

PART 7-1 - MISCELLANEOUS  

Division 5 - Other miscellaneous provisions  

SECTION 337   MINISTER MAY DELEGATE PRESCRIBED FUNCTIONS AND POWERS UNDER THIS ACT  

337(1)    
The Minister may, by signed instrument, delegate to:

(a) an ASIC member; or

(b) an ASIC staff member;

such of the Minister ' s functions and powers under this Act as are prescribed.

337(1A)    

However, the Minister must not delegate the Minister ' s powers under section 301H , 301J , 301K or 301M (which deal with product intervention orders) to a person other than ASIC.

337(2)    
In performing functions or exercising powers under a delegation, the delegate must comply with any directions of the Minister.