Document ID: chunk:federal_register_of_legislation:F2023L01671:clause:2_9
Version: federal_register_of_legislation:F2023L01671
Segment Type: clause
Provision Reference: sch 2 cl 9
Character Range: 8907–9898

9  Discretion
 (1) The Facility may at any time before entering into an arrangement to provide financial assistance in relation to an Investment Proposal, decide not to provide financial assistance for that Project.
 (2) The Facility may receive and consider Investment Proposals from any sector.
 (3) The Facility must notionally set aside $500 million from the amount appropriated by section 41 of the Act to support projects which:
 (a) materially contribute to Priority 4 of the Government Policy Priorities; or
 (b) contribute to the delivery or operation of a project that satisfies paragraph (a);
  and must not use any of that $500 million to support other projects.
 (4) To avoid doubt, subsection (3) does not prevent the Facility from using more than $500 million from the amount appropriated by section 41 of the Act to support projects aligned with Priority 4 of the Government Policy Priorities.

Part 3—Directions about specific types of Investment Decisions and derivatives