Document ID: chunk:federal_register_of_legislation:F2023N00627:clause:1_6
Version: federal_register_of_legislation:F2023N00627
Segment Type: clause
Provision Reference: sch 1 cl 6
Character Range: 7315–8888

6  Delegations under the CIS Regulations

Delegations relating to the AOFM
 (1) Under subsection 23(1) of the CIS Regulations, each person holding, occupying or performing the duties of each of the following offices or positions in the AOFM, is delegated the Treasurer's powers under sections 15, 17, and 22 of the CIS Regulations:
 (a) the CEO of the AOFM;
 (b) the Chief Operating and Finance Officer of the AOFM;
 (c) if an office or position covered by a preceding paragraph ceases to exist or is renamed—all of the offices or positions with similar functions or responsibilities.
Note: Sections 15, 17 and 22 of the CIS Regulations relate to prescribing amounts of stock for verification of transmission, transferring stock to the administrator of certain estates, and destroying bearer securities and coupons.

Delegations relating to the RBA
 (2) Under subsection 23(1) of the CIS Regulations, each person holding, occupying or performing the duties of each of the following offices or positions in the RBA, is delegated the Treasurer's powers under sections 21 and 22 of the CIS Regulations:
 (a) the Senior Manager, Service Delivery, Banking Department, RBA;
 (b) the Manager, Overseas, Banking Department, RBA;
 (c) if an office or position covered by a preceding paragraph ceases to exist or is renamed—all of the offices or positions with similar functions or responsibilities.
Note: Sections 21 and 22 of the CIS Regulations relate to payments for defaced, lost, stolen or destroyed bearer securities or coupons, and destroying bearer securities and coupons.