Document ID: chunk:federal_register_of_legislation:C2012A00155:clause:2_5
Version: federal_register_of_legislation:C2012A00155
Segment Type: clause
Provision Reference: sch 2 cl 5
Character Range: 17827–18755

5  Transitional provision for delegations under section 51K
(1) This item applies to a delegation that:
 (a) was in force under section 51K of the Commonwealth Inscribed Stock Act 1911 immediately before the repeal of that section by this Schedule; and
 (b) delegated the Treasurer's power under section 14 or 29 of that Act to:
 (i) an SES employee in the Department; or
 (ii) an APS employee who holds or performs the duties of an Executive Level 2, or equivalent, position in the Department; or
 (iii) a person appointed as a staff member of the Reserve Bank Service under section 67 of the Reserve Bank Act 1959 who occupies an office or position at an equivalent level to that of an SES employee, or an Executive Level 2, in the Department.
(2) The delegation has effect after the repeal as if the delegation had been made under subsection 51JA(1) of the Commonwealth Inscribed Stock Act 1911 as amended by this Schedule.