Document ID: chunk:federal_register_of_legislation:F2024C01281:clause:1ab_333:p1
Version: federal_register_of_legislation:F2024C01281
Segment Type: clause
Provision Reference: sch 1AB cl 333 (pt 1/2)
Character Range: 906238–914369

333       Social Impact Investing                                                                                                                              To facilitate social impact investing by:
                                                                                                                                                               (a) conducting; and
                                                                                                                                                               (b) evaluating; and
                                                                                                                                                               (c) undertaking research related to;
                                                                                                                                                               social impact investing activities directed to one or more of the following outcomes:
                                                                                                                                                               (d) providing support to Indigenous Australians;
                                                                                                                                                               (e) preventing or addressing issues of discrimination and violence against women;
                                                                                                                                                               (f) providing unemployed and underemployed people with the skills and training necessary to find paid employment or additional paid employment;
                                                                                                                                                               (g) providing unemployed and underemployed people with loans to assist them to set up microenterprises;
                                                                                                                                                               (h) reducing homelessness;
                                                                                                                                                               (i) supporting the education and development of children, including by assisting their parents and legal guardians in the performance of their child‑rearing responsibilities;
                                                                                                                                                               (j) supporting people with disability to ensure and promote the full realisation of all human rights and fundamental freedoms;
                                                                                                                                                               (k) providing support to non‑citizens to improve their wellbeing and encourage their independence;
                                                                                                                                                               (l) preventing, treating and reducing the impact of substance misuse.
                                                                                                                                                               This objective has the effect it would have if it were limited to measures:
                                                                                                                                                               (a) with respect to postal, telegraphic, telephonic, and other like services (within the meaning of paragraph 51(v) of the Constitution); or
                                                                                                                                                               (b) with respect to census and statistics (within the meaning of paragraph 51(xi) of the Constitution); or
                                                                                                                                                               (c) with respect to banking, other than State banking (within the meaning of paragraph 51(xiii) of the Constitution); or
                                                                                                                                                               (d) with respect to aliens (within the meaning of paragraph 51(xix) of the Constitution); or
                                                                                                                                                               (e) providing, or incidental to the provision of, unemployment benefits, pharmaceutical benefits, sickness benefits and medical services (within the meaning of paragraph 51(xxiiiA) of the Constitution); or
                                                                                                                                                               (f) to support Indigenous Australians and particular groups of Indigenous Australians; or
                                                                                                                                                               (g) to give effect to Australia's obligations under any of the following:
                                                                                                                                                               (i) the Convention on the Elimination of All Forms of Discrimination Against Women, particularly Articles 2, 3, 5, 10, 11 and 16;
                                                                                                                                                               (ii) the Convention on the Rights of the Child, particularly Articles 4, 6, 18, 19, 27, 28 and 29;
                                                                                                                                                               (iii) the Convention on the Rights of Persons with Disabilities, particularly Articles 4, 8, 16, 19, 26 and 27;
                                                                                                                                                               (iv) the Convention on Psychotropic Substances, particularly Article 20;
                                                                                                                                                               (v) the International Convention on the Elimination of All Forms of Racial Discrimination, particularly Articles 2 and 7;
                                                                                                                                                               (vi) the International Covenant on Economic, Social and Cultural Rights, particularly Articles 2, 6, 11, 12 and 13;
                                                                                                                                                               (vii) the International Labour Organization's Convention concerning Employment Policy, particularly Articles 1 and 2;
                                                                                                                                                               (viii) the International Labour Organization's Convention concerning Vocational Guidance and Vocational Training in the Development of Human Resources, particularly Articles 1, 2, 3 and 4;
                                                                                                                                                               (ix) the Single Convention on Narcotic Drugs (as amended), particularly Articles 4 and 38;
                                                                                                                                                               (x)