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Assisting non-government and private sector organisations to conduct and evaluate social impact investments

To provide funding to non-government or private sector organisations to assist those organisations to conduct and evaluate the effect of activities (known as social impact investments) that:

(a) meet all of the following requirements:

(i) are conducted, or proposed to be conducted, by the organisation;

(ii) generate, or are intended to generate, monetary income for the organisation;

(iii) contribute to a defined and measurable social outcome; and

(b) are directed to one or more of the following outcomes:

(i) providing support to Indigenous Australians;

(ii) preventing or addressing issues of discrimination and violence against women;

(iii) providing unemployed and underemployed people with the skills and training necessary to find paid employment or additional paid employment;

(iv) providing unemployed and underemployed people with loans to assist them to set up microenterprises;

(v) reducing homelessness;

(vi) supporting the education and development of children, including by assisting their parents and legal guardians in the performance of their child-rearing responsibilities;

(vii) supporting people with disability to ensure and promote the full realisation of all human rights and fundamental freedoms;

(viii) providing support to non-citizens to improve their wellbeing and encourage their independence;

(ix) preventing, treating and reducing the impact of substance misuse.

This objective also has the effect it would have if it were limited to measures:

(a) with respect to postal, telegraphic, telephonic, and other like services (within the meaning of paragraph 51(v) of the Constitution); or

(b) with respect to census and statistics (within the meaning of paragraph 51(xi) of the Constitution); or

(c) with respect to banking, other than State banking (within the meaning of paragraph 51(xiii) of the Constitution); or

(d) with respect to aliens (within the meaning of paragraph 51(xix) of the Constitution); or

(e) providing, or incidental to the provision of, unemployment benefits, pharmaceutical benefits, sickness benefits and medical services (within the meaning of paragraph 51(xxiiiA) of the Constitution); or

(f) to support Indigenous Australians and particular groups of Indigenous Australians; or

(g) to give effect to Australia's obligations under any of the following:

(i) the Convention on the Elimination of All Forms of Discrimination Against Women, particularly Articles 2, 3, 5 and 16;

(ii) the Convention on the Rights of the Child, particularly Articles 4, 6, 18, 19, 27, 28 and 29;

(iii) the Convention on the Rights of Persons with Disabilities, particularly Articles 4, 8, 16, 19, 26 and 27;

(iv) the Convention on Psychotropic Substances, particularly Article 20;

(v) the International Convention on the Elimination of All Forms of Racial Discrimination, particularly Articles 2 and 7;

(vi) the International Covenant on Economic, Social and Cultural Rights, particularly Articles 2, 6, 11, 12 and 13;

(vii) the International Labour Organization's Convention concerning Employment Policy, particularly Article 1;

(viii) the International Labour Organization's Convention concerning Vocational Guidance and Vocational Training in the Development of Human Resources, particularly Articles 1 and 2;

(ix) the Single Convention on Narcotic Drugs (as amended), particularly Articles 4 and 38;

(x) the United Nations Convention against Illicit Traffic in Narcotic Drugs and Psychotropic Substances, particularly Article 14; or

(h) with respect to matters incidental to the execution of any of the legislative powers of the Parliament or the executive power of the Commonwealth; or

(i) in, or in relation to, a Territory; or

(j) that are peculiarly adapted to the government of a nation and that cannot otherwise be carried on for the benefit of the nation.