Document ID: chunk:federal_register_of_legislation:C2023C00105:section:58
Version: federal_register_of_legislation:C2023C00105
Segment Type: section
Provision Reference: s 58
Character Range: 41236–42562

58  Investment function
 (1) The Corporation's investment function is to invest, directly and indirectly, in clean energy technologies.
Note: For clean energy technologies, see section 60.
 (2) Without limiting subsection (1), the Corporation may perform its investment function by doing any or all of the following:
 (a) investing in businesses or projects for the development or commercialisation of, or in relation to the use of, clean energy technologies;
 (b) investing in businesses that supply goods or services needed to develop or commercialise, or needed for use in, clean energy technologies;
 (c) giving guarantees in accordance with section 69.
 (3) In performing its investment function, the Corporation must ensure that, at any time on or after 1 July 2018, at least half of the funds invested at that time for the purposes of its investment function are invested in renewable energy technologies.
 (4) The Corporation may perform its investment function by making investments itself (including as a participant in partnerships, trusts, joint ventures or similar arrangements), through subsidiaries or other investment vehicles or by any combination of these means.
 (5) An investment may be an investment for the purposes of the Corporation's investment function, regardless of the means by which it is made.