Commonwealth Consolidated Acts

AUSTRALIAN INDUSTRY DEVELOPMENT CORPORATION ACT 1970 - SECT 8

          (1A)  This section does not apply to the Corporation after the designated time.

             (1)  In the performance of its core functions the Corporation shall have regard to the current monetary policy of the Commonwealth Government and to the policies of the Commonwealth Government in relation to trade practices, the environment, industrial relations, urban and regional development and the efficiency of industry.

             (2)  The Corporation shall act in accordance with sound business principles in the performance of its core functions.

             (3)  The Corporation shall, in deciding whether to provide finance to a particular person or to engage or participate in a particular enterprise or project, have regard to:

                     (a)  the importance of the industry concerned to the Australian economy; and

                     (b)  the extent to which the provision of that finance, or the engaging or participating by the Corporation in that enterprise or project, would contribute to the effective performance of the core functions of the Corporation.