Delegation
(1) The Minister may delegate all or any of the Minister’s powers under this Chapter (other than powers under Part 7.2, 7.2A, 7.3, 7.3A, 7.3B, 7.4, 7.5 or 7.5A) to: (a) ASIC; or (b) a member of ASIC (within the meaning of section 9 of the Australian Securities and Investments Commission Act 2001); or (c) a staff member of ASIC who is a senior staff member (within the meaning given by subsection 5(1) of that Act). (2) However, the Minister must not delegate the Minister’s powers under section 1023H, 1023J, 1023K or 1023M (which deal with product intervention orders) to a person other than ASIC.
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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