Payment and Settlement Systems (Finality and Netting) Act 2002 · 2020 Revised Edition · Part 4 · Miscellaneous
19. Appointment of assistants
Feedback & supportLast amended by an amending law of 2025. 2 amendments in all.
Subject to subsection (2), the Authority may appoint any of its officers to exercise any of its powers or perform any of its functions or duties under this Act, either generally or in any particular case, except —
the power of appointment conferred by this subsection; and
the power to make subsidiary legislation.
The Authority may appoint one or more of its officers to exercise —
the power under section 20B(2) to grant an exemption to a particular person; or
the power under section 20B(3) to revoke an exemption granted under section 20B(2), or to add to, vary or revoke any condition of the exemption.
An appointment under subsection (2) must be published in the Gazette.
Any officer appointed by the Authority under subsection (1) or (2) is deemed to be a public servant for the purposes of the Penal Code 1871.