Document ID: chunk:federal_register_of_legislation:C2021A00132:clause:1_65bl
Version: federal_register_of_legislation:C2021A00132
Segment Type: clause
Provision Reference: sch 1 cl 65BL
Character Range: 21374–22377

65BL  Derivatives
 (1) The NTAI Corporation may only acquire a derivative for the purpose of:
 (a) protecting the value of an investment of the NTAI Corporation (other than a derivative); or
 (b) protecting the return on an investment of the NTAI Corporation (other than a derivative); or
 (c) achieving indirect exposure to financial assets (other than derivatives) for a purpose in connection with the NTAI Corporation's function of making investments; or
 (d) achieving transactional efficiency for a purpose in connection with the NTAI Corporation's function of making investments;
but must not acquire a derivative for the purpose of:
 (e) speculation; or
 (f) leverage.
 (2) The acquisition of a derivative under subsection (1) must be consistent with the strategic investment plan in force at the time of the acquisition.
 (3) A subsidiary of the NTAI Corporation must only acquire derivatives for a purpose for which the Corporation may do so under subsection (1).

Subdivision C—Miscellaneous