Document ID: chunk:federal_register_of_legislation:C2023C00186:section:9
Version: federal_register_of_legislation:C2023C00186
Segment Type: section
Provision Reference: s 9
Character Range: 16106–16869

9  Investment Mandate
 (1) The responsible Ministers must, by legislative instrument, give directions to the Board about the performance of the Facility's functions.
Note: Section 42 (disallowance) of the Legislation Act 2003 does not apply to the direction—see regulations made for the purposes of paragraph 44(2)(b) of that Act.
 (2) The directions are the Investment Mandate.
 (3) The Board must take all reasonable steps to ensure that the Facility and its subsidiaries comply with the Investment Mandate.

Limit on Investment Mandate
 (4) The Investment Mandate must not direct, or have the effect of directing, the Facility to provide financial assistance:
 (a) for the development of particular infrastructure; or
 (b) in relation to a particular person.