Document ID: chunk:federal_register_of_legislation:C2023C00186:section:39a
Version: federal_register_of_legislation:C2023C00186
Segment Type: section
Provision Reference: s 39A
Character Range: 34467–35086

39A  Matters relating to subsidiaries
 (1) The Facility must not incorporate or otherwise form a subsidiary in a place other than Australia.
 (2) In providing financial assistance in the form of equity investments for the purposes of the performance of the Facility's functions under subsection 7(1A), a subsidiary of the Facility must:
 (a) take all reasonable steps to comply with the Investment Mandate, to the extent to which the Investment Mandate is capable of applying to the activities of the subsidiary; and
 (b) only acquire derivatives for a purpose for which the Facility may do so under subsection 7(1C).