Document ID: chunk:federal_register_of_legislation:F2023N00627:clause:1_7
Version: federal_register_of_legislation:F2023N00627
Segment Type: clause
Provision Reference: sch 1 cl 7
Character Range: 8888–11567

7  Delegations under the LS Act

Delegations relating to the Treasurer's powers under section 5B
 (1) Under subsection 5D(1) of the LS Act, each person holding, occupying or performing the duties of each of the following offices or positions in the AOFM, is delegated the Treasurer's power under subsection 5B(1) of the LS Act:
 (a) the CEO of the AOFM;
 (b) the Head, Funding, Strategy and Research, AOFM;
 (c) the Head, Sustainable Finance, AOFM;
 (d) if an office or position covered by a preceding paragraph ceases to exist or is renamed—all of the offices or positions with similar functions or responsibilities.
Note: Section 5B of the LS Act relates to swaps and other financial arrangements.

Delegations relating to the Treasurer's powers under section 5BA
 (2) Under subsection 5E(1) of the LS Act, each person holding, occupying or performing the duties of each of the following offices or positions in the AOFM and RBA, is delegated the Treasurer's power under section 5BA of the LS Act:
 (a) the CEO of the AOFM;
 (b) the Head, Funding, Strategy and Research, AOFM;
 (c) the Head, Sustainable Finance, AOFM;
 (d) the Head, Domestic Markets Department, RBA;
 (e) a Deputy Head, Domestic Markets Department, RBA;
 (f) if an office or position covered by a preceding paragraph ceases to exist or is renamed—all of the offices or positions with similar functions or responsibilities.
Note: Section 5BA of the LS Act relates to security lending arrangements.

Direction
 (3) Under subsection 5E(2) and paragraph 5E(3)(b) of the LS Act, a delegate under subsection 7(2) of this instrument, exercising the Treasurer's power under section 5BA of the LS Act, is directed to exercise the functions and powers in a manner consistent with all of the following:
 (a) the kinds of collateral that must be received in relation to securities lending arrangements entered into under subsection 5BA(1) must be one or more of the following:
 (i) cash; or
 (ii) is of a kind covered by a paragraph in subsection 5BA(3) of the LS Act where that kind is also accepted as collateral by the RBA in its open market operations.

Delegations relating to the Treasurer's powers under section 5C
 (4) Under subsection 5D(1) of the LS Act, each person holding, occupying or performing the duties of each of the following offices or positions in the AOFM, is delegated the Treasurer's power under section 5C of the LS Act:
 (a) the CEO of the AOFM;
 (b) if an office or position covered by a preceding paragraph ceases to exist or is renamed—all of the offices or positions with similar functions or responsibilities.
Note: Section 5C of the LS Act relates to the jurisdiction of foreign courts.