Corporations Act 2001
The Minister may, by signed instrument, delegate to an officer of the Department all or any of the Minister ' s functions and powers under this Act that are prescribed by the regulations for the purposes of this subsection.
View history note
Hide history note1345A(1AA)
If: (a) under subsection (1), the Minister delegates to an officer of the Department all of the Minister ' s functions and powers that are prescribed for the purposes of that subsection; and (b) the regulations are amended to prescribe one or more additional functions or powers for the purposes of that subsection; and (c) the delegation is in force immediately before the amendment takes effect;
then, on and after the amendment taking effect, the delegation is taken to include the additional functions or powers.
1345A(1A)
The Minister may, by signed instrument, delegate the function or power under subsection 147(2) , 601DC(2) or 1213B(6) 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 who holds, or performs the duties of, a position not below an Executive Level 1 position or an equivalent position.
[ CCH Note: S 1345A(1A) will be amended by No 69 of 2020, s 3, Sch 1[1280], by inserting para (c) (effective 1 July 2026 or a day or days to be fixed by Proclamation). Para (c) will read:
; or (c) the Registrar, a member of the Registrar (if the Registrar is a body with members) or a staff member of the Registrar.]
1345A(2)
A delegate is, in the performance or exercise of a delegated function or power, subject to the Minister ' s directions.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
