Document ID: chunk:federal_register_of_legislation:C2023C00441:front:0:p2
Version: federal_register_of_legislation:C2023C00441
Segment Type: other
Provision Reference: 
Character Range: 2616–5713

of the Corporations Act 2001
23 Borrowing
24 Investment policies
25 Derivatives
26 Additional financial assets
27 Securities lending arrangements
28 Investment managers
30 Refund of franking credits
32 Realisation of non‑financial assets
Part 4—The Future Fund Board of Guardians
Division 1—Introduction
33 Simplified outline
Division 2—Establishment and functions of the Future Fund Board of Guardians
34 Establishment of the Future Fund Board of Guardians
35 Board's functions
36 Board's ordinary powers
37 Board is a body corporate
38 Membership
39 Application of the Corporations Act 2001
Division 3—Terms and conditions for Board members
40 Term of appointment and related matters for Board members
41 Remuneration and allowances of Board members
42 Leave of absence of Board members
43 Resignation of Board members
44 Termination of appointment of Board members
45 Other terms and conditions of Board members
46 Acting Board members
Division 4—Meetings
47 Holding of meetings
48 Who is to preside at a meeting
49 Quorum
50 Voting
51 Records of meetings
Division 5—Resolutions without meetings
52 Resolutions without meetings
53 Record of resolutions
Division 6—Reporting obligations
54 Nominated Minister may require Board to prepare reports or give information
55 Keeping the responsible Ministers informed etc.
Division 6A—Periodic investment reports
55A Periodic investment reports
55B Reporting rules
55C Board to be consulted on reporting rules
Division 7—Duties of Board members etc.
Subdivision A—Civil obligations and criminal offences
56 Care and diligence—civil obligation
57 Good faith—civil obligation
58 Use of position—civil obligation
59 Use of information—civil obligation
60 Good faith—criminal offence
61 Use of position—criminal offence
62 Use of information—criminal offence
Subdivision B—Other provisions relating to civil penalty provisions and criminal offences
63 Compliance with statutory duties
64 Interaction of sections 56 to 62 with other laws etc.
65 Reliance on information or advice provided by others
66 Finance Minister requiring person to assist
67 Insurance for certain liabilities of Board members
Subdivision C—Consequences of breach of duty
67A Consequences of breach of duty—civil penalty provisions
67B Compensation orders
67C Disqualification order for contravention of civil penalty provision by Board members
67D Exception to disqualification order
67E Relief from liability for contravention of civil penalty provision etc.
Division 8—Conflict of interests
68 Material personal interest—Board member's duty to disclose
69 Board member may give other Board members standing notice about an interest
70 Interaction of sections 68 and 69 with other laws etc.
71 Restrictions on voting
72 Ministerial power to make declarations and class orders
Part 5—The Future Fund Management Agency
Division 1—Introduction
73 Simplified outline
Division 2—Establishment and functions of the Future Fund Management Agency
74 Establishment of the Future Fund Management Agency
75 Functions of the Agency
Division 3—Management and staff of the Future Fund Management