Document ID: chunk:federal_register_of_legislation:C2012A00204:clause:1_86a
Version: federal_register_of_legislation:C2012A00204
Segment Type: clause
Provision Reference: sch 1 cl 86A
Character Range: 36243–37060

86A  Commonwealth foreign registry accounts
 (1) The Commonwealth may:
 (a) open and operate an account within a foreign registry; and
 (b) do anything incidental to, or ancillary to, the opening or operation of such an account.
 (2) An account opened under subsection (1) is to be known as a Commonwealth foreign registry account.

Regulator's power to act on behalf of the Commonwealth
 (3) The Regulator may act on behalf of the Commonwealth in relation to the powers conferred by subsection (1).
 (4) The Minister may, by legislative instrument, give directions to the Regulator in relation to the Regulator's powers under subsection (3).
 (5) The Regulator must not open a Commonwealth foreign registry account on behalf of the Commonwealth unless directed to do so under subsection (4).

Clean Energy Act 2011