(1) The Registrar is responsible -
(a) as the delegate of the Bank, for managing the performance and exercise of the functions and powers of the Bank under the Credit Union Act 1997, and
(b) if management of the performance and exercise of the functions and powers of the Bank under any other Act or law are delegated to the Registrar, for managing the performance and exercise of those functions and powers.
(2) The Registrar has power to do whatever is necessary for or in connection with, or reasonably incidental to, carrying out the Registrar's responsibilities.
(3) In carrying out or exercising the Registrar's responsibilities or powers, the Registrar shall, as far as reasonably practicable, ensure that the resources of the Bank allocated for carrying out those responsibilities or exercising powers are used effectively, efficiently and economically.
(4) In carrying out the responsibilities and exercising the powers imposed or conferred by this section, the Registrar, through the Head o
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