Document ID: chunk:federal_register_of_legislation:C2024C00857:section:14
Version: federal_register_of_legislation:C2024C00857
Segment Type: section
Provision Reference: s 14
Character Range: 17928–19081

14  Limits on Investment Mandate
 (1) The Minister must not give a direction under subsection 12(1):
 (a) that has the purpose, or has or is likely to have the effect, of directly or indirectly requiring the Board:
 (i) to make, or not to make, a particular loan or grant; or
 (ii) to grant, or not to grant, financial assistance to a State or Territory for a particular project; or
 (iia) to issue, or not to issue, a particular guarantee; or
 (iii) to take, or not to take, particular action relating to a particular loan or grant; or
 (iv) to take, or not to take, particular action relating to financial assistance granted to a State or Territory for a particular project; or
 (v) to take, or not to take, particular action relating to a particular guarantee; or
 (b) that is inconsistent with this Act (including the object of this Act).
 (2) The Minister must not give a direction under subsection 12(1) about the performance of the Help to Buy functions.
Note: The Minister may give the Board directions about the Help to Buy functions under Part 3 of the Help to Buy Act 2024.

Part 3—Board

Division 1—Establishment and functions of the Board