(1) The Commission may, by resolution, delegate:

(a)  any of its functions and powers under or in relation to Parts VI and XI and the Australian Consumer Law; and

(b)  any of its powers under Part XII that relate to those Parts or the Australian Consumer Law;

to a staff member of the Australian Securities and Investments Commission within the meaning of section 5 of the Australian Securities and Investments Commission Act 2001.

(2)  The Commission must not delegate a function or power under subsection (1) unless the Chairperson of the Australian Securities and Investments Commission has agreed to the delegation in writing.

Forthcoming

Forthcoming