Ministerial Powers (ASIC) Delegation 2019

Dated 1April 2019

Stuart Robert

Contents

Part 1—Preliminary                                                                                                     1

1  Name........................................................................................................................................ 1

2  Commencement........................................................................................................................ 1

3  Authority.................................................................................................................................. 1

4  Definitions................................................................................................................................ 1

Part 2—Delegations under the Business Names Registration Act 2011                    2

5  Delegation of the Minister’s functions and powers.................................................................. 2

Part 3—Delegations under the Corporations Act 2001                                               3

6  Delegation of the Minister’s powers under Chapter 7.............................................................. 3

Part 4—Delegations under the Mutual Assistance in Business Regulation Act 1992 5

7  Delegation of the Minister’s powers and functions.................................................................. 5

Part 1—Preliminary

1  Name

                   This instrument is the Ministerial Powers (ASIC) Delegation 2019.

2  Commencement

                   This instrument commences on 1 July 2019.       

3  Authority

                   This instrument is made under the following:

                     (a)  subsection 80(1) of the Business Names Registration Act 2011;

                     (b)  section 1101J of the Corporations Act 2001;

                     (c)  subsection 22(2) of the Mutual Assistance in Business Regulation Act 1992.   

4  Definitions

                   In this instrument:

ASIC means the Australian Securities and Investments Commission.

ASIC Act means the Australian Securities and Investments Commission Act 2001.

member of ASIC has the same meaning as in section 9 of the ASIC Act.

senior staff member has the same meaning as in the ASIC Act.

staff member has the same meaning as in the ASIC Act.

Part 2—Delegations under the Business Names Registration Act 2011

5  Delegation of the Minister’s functions and powers 

(1)   All previous delegations made under subsection 80(1) of the Business Names Registration Act 2011 are revoked.

             (2)  All of the Minister’s functions and powers under subsections 27(2), 28(2) and 32(3) of the Business Names Registration Act 2011 are delegated to the persons holding, occupying or performing the duties of each of the following offices and positions in ASIC:

                     (a)  member of ASIC;

                     (b)  Executive Director, Registry (position number 11829);

                     (c) Senior Executive Leader, Registry (position number 6047).

Part 3—Delegations under the Corporations Act 2001

6  Delegation of the Minister’s powers under Chapter 7     

(1)  All previous delegations made under section 1101J of the Corporations Act 2001 are revoked.

             (2)  The Minister’s powers under the provisions of the Corporations Act 2001 referred to in the following table are delegated to:

                     (a)  each member of ASIC; and

                     (b)  each senior staff member of ASIC.

Part 4—Delegations under the Mutual Assistance in Business Regulation Act 1992

7  Delegation of the Minister’s powers and functions

(1)  The instrument of delegation of functions and powers under sections 7, 8 and 9 of the Mutual Assistance in Business Regulation Act 1992 to staff members of ASIC dated 12 December 2012 is revoked.

             (2)  All of the Minister’s powers and functions under sections 7, 8 and 9 of the Mutual Assistance in Business Regulation Act 1992 are delegated to the persons holding, occupying or performing the duties of each of the following offices and positions in ASIC:

                     (a)  member of ASIC;

                     (b)  Special Counsel in the Chief Legal Office;

                     (c)  Executive Director, Assessment and Intelligence (position number 4821);

                     (d) Senior Executive Leader, Wealth Management Enforcement – Major Financial Institutions (position number 5412);

                     (e) Senior Executive Leader, Market Supervision (position number 4644);

                      (f) Senior Executive Leader, International (position number 4195).