Document ID: chunk:federal_register_of_legislation:C2024C00295:section:42
Version: federal_register_of_legislation:C2024C00295
Segment Type: section
Provision Reference: s 42
Character Range: 54617–55473

42  Future Fund Board to be consulted on Disaster Ready Fund Investment Mandate
 (1) Before giving the Future Fund Board a direction under subsection 39(1), the responsible Ministers must:
 (a) send a draft of the direction to the Future Fund Board; and
 (b) invite the Future Fund Board to make a submission to the responsible Ministers on the draft direction within a reasonable time limit specified by the responsible Ministers; and
 (c) consider any submission that is received from the Future Fund Board within that time limit.
 (2) Any submission made by the Future Fund Board on a draft direction in accordance with paragraph (1)(b) must be tabled in each House of the Parliament with the direction.
Note: As the direction is a legislative instrument, it is also tabled in each House of the Parliament under section 38 of the Legislation Act 2003.