Clause 30
Amendment of section 82
of Deposit Insurance and Policy Owners’ Protection Schemes (Amendment) Bill
BillNot in forceProvision 30 of 39
Clause 30
Section 82 of the principal Act is amended —
(a)
by inserting, immediately after subsection (1), the following subsection:“(1A) The Authority may, by notification in the Gazette, appoint one or more of its officers to exercise a power conferred on the Authority to grant an exemption to any person (not being an exemption granted to a class of persons) under this Act, or to revoke any such exemption.”; and
(b)
by inserting, immediately after the words “subsection (1)” in subsection (2), the words “or (1A)”.