CLEAN ENERGY FINANCE CORPORATION ACT 2012 (NO. 104, 2012) - SECT 64 Investment Mandate
CLEAN ENERGY FINANCE CORPORATION ACT 2012 (NO. 104, 2012) - SECT 64
Investment Mandate(1) The responsible Ministers may, by legislative instrument, give the Board directions about the performance of the Corporation's investment function, and must give at least one such direction. The directions together constitute the Investment Mandate .
Note: For variation and revocation, see subsection 33(3) of the Acts Interpretation Act 1901 .
(2) In giving a direction, the responsible Ministers must have regard to the object of this Act and any other matters the responsible Ministers consider relevant.
(3) Without limiting subsection (1), a direction may set out the policies to be pursued by the Corporation in relation to any or all of the following:
(a) matters of risk and return;
(b) technologies, projects and businesses that are eligible for investment;
(c) the allocation of investments between the various classes of clean energy technologies;
(d) making investments on concessional terms;
(e) the types of financial instruments in which the Corporation may invest;
(f) the types of derivatives which the Corporation may acquire;
(g) the nature of the guarantees the Corporation may give and the circumstances in which they may be given;
(h) broad operational matters;
(i) other matters the responsible Ministers consider appropriate to deal with in a direction under subsection (1).