Document ID: chunk:federal_register_of_legislation:C2023C00186:section:42
Version: federal_register_of_legislation:C2023C00186
Segment Type: section
Provision Reference: s 42
Character Range: 35554–36992

42  Annual report
 (1) The annual report prepared by the Board and given to the Minister under section 46 of the Public Governance, Performance and Accountability Act 2013 for a period must include the following:
 (a) the particulars of any changes to the Investment Mandate during the period and their impact on the operations of the Facility;
 (b) a summary of the proposal notices given by the Facility to the Minister during the period;
 (c) a summary of any rejection notices given by the Minister during the period and the Minister's reasons for giving the notices;
 (d) for financial assistance provided by the Facility during the period, a summary of:
 (i) the amounts of financial assistance and kinds of Northern Australia economic infrastructure concerned; and
 (ii) the forms in which financial assistance was provided, and their important features; and
 (iii) the risks and returns to the Commonwealth;
 (e) a summary of any adjustments or concessions made by the Facility during the period in relation to Northern Australia economic infrastructure projects that have not progressed as planned.
 (2) The annual report must also do the things referred to in paragraphs (1)(d) and (e) in relation to financial assistance provided for the purposes of the performance of the Facility's functions under subsection 7(1A) by each subsidiary of the Facility in existence at the end of the period to which the annual report relates.