Commonwealth Numbered Acts

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HOUSING AUSTRALIA FUTURE FUND ACT 2023 (NO. 79, 2023) - SECT 44

Future Fund Board to be consulted on Housing Australia Future Fund Investment Mandate

             (1)  Before giving the Future Fund Board a direction under subsection 41(1), the responsible Ministers must:

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

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

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

             (2)  Any submission made by the Future Fund Board on a draft direction in accordance with paragraph (1)(b) must be tabled in each House of the Parliament with the direction.

Note:          As the direction is a legislative instrument, it is also tabled in each House of the Parliament under section 38 of the Legislation Act 2003 .



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