Document ID: chunk:federal_register_of_legislation:F2006L03854:body:0:p5
Version: federal_register_of_legislation:F2006L03854
Segment Type: other
Provision Reference: 
Character Range: 11687–13368

personnel of a licensed fund;
             (c)            changes in the structure of a licensed fund;
             (d)           the application of sanctions against a manager or investor;
             (e)            the suspension of funding in relation to a licensed fund;
             (f)             the termination of a licence; and
             (g)           investee company eligibility.

PART 4 – ASSESSMENT OF PROPOSALS FOR VARIATION TO GOVERNING DOCUMENTS

17.             In making a decision on whether to vary any provision of the governing documents, the Program Delegate will seek the advice of the Board and may seek the advice of other third parties.

PART 5 — BOARD TO HAVE ADMINISTRATIVE RESPONSIBILITY FOR THE PROGRAM

18.             The Board has administrative responsibility for the IIF program, subject to the restrictions imposed by the Industry Research and Development Act 1986, in particular section 19A, on the functions that may be conferred on the Board.
         Where the Board provides advice to the Program Delegate in accordance with these directions, the Program Delegate must consider the advice of the Board and advise the Minister of any such advice where requested to do so by the Board.
19.             The Board may advise the Minister, or the Minister may request advice from the Board, on non-financial administration matters relating to the program, including the extent to which the program is meeting its objectives.
20.             The Board may collect and analyse data on the performance of the program, provide advice to the Minister on such performance, and will cooperate with any independent evaluation of the program.