Document ID: chunk:federal_register_of_legislation:C2021A00132:clause:1_65bh
Version: federal_register_of_legislation:C2021A00132
Segment Type: clause
Provision Reference: sch 1 cl 65BH
Character Range: 17411–18221

65BH  Investment limit
 (1) The NTAI Corporation must not make a particular investment that has a value of more than the amount applicable under subsection (2) without the written agreement of the Minister.
 (2) For the purposes of subsection (1), the amount is:
 (a) unless paragraph (b) applies—$100 million; or
 (b) if the NTAI Corporation rules specify a higher amount for the purpose of this paragraph—that higher amount.
 (3) A failure to comply with subsection (1) does not affect the validity of any transaction.
 (4) The NTAI Corporation rules may prescribe a method for working out the value of an investment for the purposes of subsections (1) and (2).
 (5) The Minister must not make NTAI Corporation rules for the purposes of subsection (4) without the written agreement of the Finance Minister.