Commonwealth Consolidated Acts

ABORIGINAL AND TORRES STRAIT ISLANDER LAND AND SEA FUTURE FUND ACT 2018 - SECT 15

    Each of the following is a purpose of the Aboriginal and Torres Strait Islander Land and Sea Future Fund Special Account:

  (a)   paying the costs of, or incidental to, the acquisition of financial assets under section   30;

  (b)   paying expenses of an investment of the Aboriginal and Torres Strait Islander Land and Sea Future Fund;

  (c)   paying the costs of, or incidental to, the acquisition of derivatives under section   40;

  (d)   paying or discharging the costs, expenses and other obligations incurred by the Future Fund Board under a contract between the Board and an investment manager engaged under subsection   43(1);

  (e)   paying or discharging the costs, expenses and other obligations incurred in connection with the establishment, maintenance or operation of a bank account of the Future Fund Board, if the bank account relates exclusively to the Aboriginal and Torres Strait Islander Land and Sea Future Fund;

  (f)   paying a premium in respect of a contract of insurance entered into by the Future Fund Board exclusively in connection with the Aboriginal and Torres Strait Islander Land and Sea Future Fund;

  (g)   paying or discharging any other costs, expenses, obligations or liabilities incurred by the Future Fund Board exclusively in connection with the Aboriginal and Torres Strait Islander Land and Sea Future Fund;

  (h)   paying expenses of an investment of an amount standing to the credit of the Aboriginal and Torres Strait Islander Land Account, where the expenses were incurred before the commencement of this section.

Note:   See section   80 of the Public Governance, Performance and Accountability Act 2013 (which deals with special accounts).