Australian Capital Territory
City Renewal Authority and Suburban Land Agency (CRA Financial) Delegation 2017*
Notifiable instrument NI2017–381
made under the  
City Renewal Authority and Suburban Land Agency Act 2017, s19 (Delegation by authority board)

1	Name of instrument
This instrument is the City Renewal Authority and Suburban Land Agency (CRA Financial) Delegation 2017.
2	Commencement 
This instrument commences on the day it is made. 
3	Delegation
(1) The City Renewal Authority Board delegates the functions identified in column 1 of the schedule to the person who from time to time occupies the position of City Renewal Authority Chief Executive Officer.
(2) It is a condition of delegation that functions are performed in accordance with the relevant Territory laws, including the Financial Management Act 1996, and relevant policies and procedures.
4	Authorisation to subdelegate functions
The City Renewal Authority Board authorises the City Renewal Authority Chief Executive Officer to subdelegate, in accordance with column 2 of the schedule, a function delegated by this instrument.	

Michael Easson AM
Chair
City Renewal Authority
07 July 2017

Schedule
(see sections 3 and 4)

City Renewal Authority Financial Delegations

Column 1
Function	Column 2
Subdelegation and Condition	
Opening, managing and maintaining/amending signatories for bank accounts, merchant and credit card facilities	May not subdelegate	
Holding a credit card and making payments using a credit card to the credit card limit of $10,000 to the extent of funds remaining in approved budget for matters with the responsibility of the City Renewal Authority	May subdelegate to an authorised person.
	
Setting reserve price for the sale of land	May not subdelegate	
Execute contracts for the purchase of land	May not subdelegate.	
Deal with contracts for the sale of land, including executing, varying, rescinding, extending settlement of, and terminating contracts or other agreements, including securities	May subdelegate to an authorised person 	
Act as the delegate in procurement processes of the City Renewal Authority limited to commitments up to $10 million in any transaction 	May subdelegate to an authorised person.	
Authorise accounts for payment	May subdelegate to an authorised person	
Raise invoices	May subdelegate to an authorised person	
Receive moneys and issue receipts	May subdelegate to an authorised person 	
Hold cash advances, reimburse petty cash expenditure, issue CabCharges and bus passes 	May delegate to an authorised person	
Write off bad debt	May not subdelegate	
Write off or write down assets	May subdelegate to the Director Finance of the Suburban Land Agency	
Invest surplus funds	May subdelegate to Director Finance of the Suburban Land Agency	
Enter into lease for motor vehicles	May subdelegate to the Director Finance and Business Operations Office staff