Commonwealth Consolidated Acts

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FUTURE FUND ACT 2006 - SECT 18A

Limitation on Future Fund Investment Mandate

  (1)   The responsible Ministers must not give a direction under subsection   18(1) that has the purpose, or has or is likely to have the effect, of directly or indirectly requiring the Board to:

  (a)   invest an amount standing to the credit of the Fund Account in a particular financial asset; or

  (b)   acquire a particular derivative; or

  (c)   allocate financial assets to:

  (i)   a particular business entity; or

  (ii)   a particular activity; or

  (iii)   a particular business.

  (2)   Paragraphs   (1)(a) and (b) do not limit paragraph   (1)(c).


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