Document ID: chunk:federal_register_of_legislation:C2004A00616:clause:3_22b
Version: federal_register_of_legislation:C2004A00616
Segment Type: clause
Provision Reference: sch 3 cl 22B
Character Range: 16046–17242

22B  References to Reserve Bank—direction by the Governor

 (1) If, under section 22A:
 (a) the Governor delegates to a person a function or power of the Reserve Bank; and
 (b) the delegation makes a reference to the Reserve Bank in another provision of this Act inappropriate, whether for administrative reasons or any other reason;
the Governor may, by signed instrument, direct that the provision is to have effect as if the reference to the Reserve Bank were a reference to the person referred to in paragraph (a).

 (2) If the Governor gives a direction in relation to a provision, the provision has effect in accordance with the direction while the direction is in force.

 (3) A direction:
 (a) comes into force:
 (i) unless subparagraph (ii) applies—on the day on which it is made; or
 (ii) if the direction specifies a later day as the day on which the direction comes into force—on the day so specified; and
 (b) continues in force until it is revoked.

 (4) The Governor may, by signed instrument, vary or revoke a direction.

 (5) An instrument making, varying or revoking a direction is a disallowable instrument for the purposes of section 46A of the Acts Interpretation Act 1901.