Document ID: chunk:federal_register_of_legislation:C2020C00377:section:50
Version: federal_register_of_legislation:C2020C00377
Segment Type: section
Provision Reference: s 50
Character Range: 58350–59203

50  Appointment of nominee
 (1) The Secretary may, in writing, appoint a person to be a nominee of a participant for the purposes of this Act.
Note: The Secretary must make the appointment in accordance with section 51.
 (2) An appointment may be made:
 (a) at the request of the participant; or
 (b) on the initiative of the Secretary.
 (3) An appointment may limit the matters in relation to which the appointee is the nominee of the participant.
 (4) An appointment may provide that it has effect for a specified term.
 (5) Without limiting the manner of specifying a term for the purposes of subsection (4), it may be specified by reference to the expiry of a specified period or the occurrence of a specified event.
 (6) To avoid doubt, the Secretary may appoint more than one person to be a nominee of a participant for the purposes of this Act.