Document ID: chunk:federal_register_of_legislation:C2016C00418:clause:2_58
Version: federal_register_of_legislation:C2016C00418
Segment Type: clause
Provision Reference: sch 2 cl 58
Character Range: 56068–57749

58  Finance Minister may delegate powers

Delegation of powers under section 32B or 32C of the FMA Act
(1) A delegation, under section 62 of the FMA Act, by the Finance Minister of the Finance Minister's powers or functions under section 32B or 32C of that Act that is in force immediately before the commencement time is taken, after that time, to have been made under subsection 32D(1) of the Financial Framework (Supplementary Powers) Act 1997 (as inserted by this Schedule).
Note: The FMA Act is renamed the Financial Framework (Supplementary Powers) Act 1997 by Part 1 of this Schedule.
(2) A direction given by the Finance Minister for the purposes of a delegation referred to in subitem (1) that is in force immediately before the commencement time is taken, after that time, to have been given for the purposes of subsection 32D(2) of the Financial Framework (Supplementary Powers) Act 1997 (as inserted by this Schedule).

Delegation of powers under section 39B of the FMA Act
(3) A delegation, under section 62 of the FMA Act, by the Finance Minister of the Finance Minister's powers or functions under section 39B of that Act that is in force immediately before the commencement time is taken, after that time, to have been made under section 40 of the Financial Framework (Supplementary Powers) Act 1997 (as inserted by this Schedule).
(4) A direction given by the Finance Minister for the purposes of a delegation referred to in subitem (3) that is in force immediately before the commencement time is taken, after that time, to have been given for the purposes of section 40 of the Financial Framework (Supplementary Powers) Act 1997 (as inserted by this Schedule).