Commonwealth Consolidated Acts

FUTURE FUND ACT 2006 - SECT 19

  (1)   Before giving the Board a direction under subsection   18(1), the responsible Ministers must:

  (a)   send a draft of the direction to the Board; and

  (b)   invite the Board to make a submission to the responsible Ministers on the draft direction within a time limit specified by the responsible Ministers; and

  (c)   consider any submission that is received from the Board within that time limit.

  (2)   If:

  (a)   the responsible Ministers give the Board a direction under subsection   18(1); and

  (b)   the Board made a submission to the responsible Ministers on a draft of the direction within the time limit specified by the responsible Ministers;

the submission is to be tabled in each House of the Parliament with the direction.

Note:   For tabling of the direction, see section   38 of the Legislation Act 2003 .

  (3)   A time limit specified under this section must be reasonable.