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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