Document ID: chunk:federal_register_of_legislation:C2023C00441:section:19
Version: federal_register_of_legislation:C2023C00441
Segment Type: section
Provision Reference: s 19
Character Range: 29864–30796

19  Board to be consulted on Future Fund Investment Mandate
 (1) Before giving the Board a direction under subsection 18(1), the responsible Ministers must:
 (a) send a draft of the direction to the Board; and
 (b) invite the Board to make a submission to the responsible Ministers on the draft direction within a time limit specified by the responsible Ministers; and
 (c) consider any submission that is received from the Board within that time limit.
 (2) If:
 (a) the responsible Ministers give the Board a direction under subsection 18(1); and
 (b) the Board made a submission to the responsible Ministers on a draft of the direction within the time limit specified by the responsible Ministers;
the submission is to be tabled in each House of the Parliament with the direction.
Note: For tabling of the direction, see section 38 of the Legislation Act 2003.
 (3) A time limit specified under this section must be reasonable.