Document ID: chunk:federal_register_of_legislation:C2023C00105:section:71
Version: federal_register_of_legislation:C2023C00105
Segment Type: section
Provision Reference: s 71
Character Range: 56022–56779

71  Matters relating to subsidiaries
 (1) The Corporation must not incorporate or otherwise form a subsidiary in a place other than Australia.
 (2) In making investments for the purposes of the Corporation's investment function, a subsidiary of the Corporation must:
 (a) only make complying investments; and
 (b) 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
 (c) comply with policies formulated by the Board under section 68, to the extent to which the policies are capable of applying to the activities of the subsidiary; and
 (d) only acquire derivatives for a purpose for which the Corporation may do so under section 70.