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Housing Loans Insurance Corporation (Transfer of Pre-transfer Contracts) Bill 2006

Part 4 Other matters


9   Appropriation

             (1)  There is to be paid to the acquirer such amounts that the Commonwealth agrees to pay to the acquirer under an agreement between the Commonwealth and the acquirer that comes into effect on the vesting day.

             (2)  The amounts payable under subsection (1) are to be paid out of the Consolidated Revenue Fund, which is appropriated accordingly.

10   Delegation

             (1)  The Minister may, by writing, delegate all or any of his or her powers and functions under sections 5 and 8 of this Act to:

                     (a)  the Secretary of the Department; or

                     (b)  an SES employee, or acting SES employee, in the Department.

             (2)  In exercising powers or functions under a delegation, the delegate must comply with any directions of the Minister.

11   Regulations

             (1)  The Governor-General may make regulations prescribing matters:

                     (a)  required or permitted by this Act to be prescribed; or

                     (b)  necessary or convenient to be prescribed for carrying out or giving effect to this Act.

             (2)  In particular, regulations may be made prescribing matters of a transitional nature (including prescribing any saving or application provisions) relating to the enactment of this Act and the repeal of the Housing Loans Insurance Corporation (Transfer of Assets and Abolition) Act 1996 .