Document ID: chunk:federal_register_of_legislation:C2004A02846:body:0:p5
Version: federal_register_of_legislation:C2004A02846
Segment Type: other
Provision Reference: 
Character Range: 10776–13395

him and delivered to the Treasurer.
"(6) While a person is acting as Commissioner, he has and may exercise all the powers, and shall perform all the functions, of the Commissioner under this Act or the regulations.
"(7) Sections 11, 12, 14 and 126 apply in relation to an Acting Insurance Commissioner in like manner as they apply in relation to the Commissioner.
"(8) The validity of anything done by a person purporting to act under sub-section (1) shall not be called in question on the ground that the occasion for his appointment had not arisen, that there is a defect or irregularity in or in connection with his appointment, that the appointment had ceased to have effect or that the occasion for him to act had not arisen or had ceased.

Delegation
"19a. (1) The Commissioner may, either generally or as otherwise provided by the instrument of delegation, by writing signed by him, delegate to a person all or any of his powers under this Act or the regulations, other than—
     (a) this power of delegation; or
     (b) the Commissioner's powers under section 23 or 24.
"(2) A power so delegated, when exercised by the delegate, shall, for the purposes of this Act or the regulations, as the case requires, be deemed to have been exercised by the Commissioner.
"(3) A delegation under this section does not prevent the exercise of a power by the Commissioner.".
(2) Where, immediately before the commencement of this section, a person was acting in the place of the Commissioner by virtue of an appointment under section 19 of the Principal Act, then, notwithstanding the repeal of that section by this Act, that section continues to apply to and in relation to that person as if that repeal had not been made.
9. Section 21 of the Principal Act is repealed and the following section is substituted:

Certain persons not to carry on insurance business
"21. (1) Subject to this Act, a person other than a body corporate or a Lloyd's underwriter who carries on insurance business is, in respect of each day during which he so carries on insurance business (including the day of a conviction under this sub-section or any subsequent day), guilty of an offence punishable on conviction by a fine not exceeding $2,000.
"(2) Subject to this Act, a body corporate that carries on insurance business without being authorized under this Act to do so is, in respect of each day during which it so carries on insurance business (including the day of a

conviction under this sub-section or any subsequent day), guilty of an offence punishable on conviction by a fine not exceeding $20,000.
"(3) A Lloyd's underwriter who