Document ID: chunk:federal_register_of_legislation:C2023C00318:section:70
Version: federal_register_of_legislation:C2023C00318
Segment Type: section
Provision Reference: s 70
Character Range: 56253–57094

70  When an investment of a Corporation body is solely or mainly Australian‑based
 (1) An investment of a Corporation body is solely or mainly Australian‑based if the Board is satisfied, in accordance with guidelines made under subsection (2), that the investment is solely or mainly Australian‑based.
 (2) The Board must, by writing, make guidelines setting out circumstances, conditions or other matters to which the Board will have regard in satisfying itself that an investment of a Corporation body is solely or mainly Australian‑based.
 (3) The guidelines must not be inconsistent with the Investment Mandate.
 (4) The Board must publish guidelines made under subsection (2) on the Corporation's website.
 (5) Guidelines made under subsection (2) are not a legislative instrument.

Division 3—Performance of investment functions etc.