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ABORIGINAL AND TORRES STRAIT ISLANDER LAND AND SEA FUTURE FUND ACT 2018 - SECT 35A

Indigenous Affairs Minister to be consulted on Aboriginal and Torres Strait Islander Land and Sea Future Fund Investment Mandate

  (1)   Before giving the Future Fund Board a direction under subsection   32(1), the responsible Ministers must:

  (a)   send a draft of the direction to the Indigenous Affairs Minister; and

  (b)   invite the Indigenous Affairs Minister to make a submission to the responsible Ministers on the draft direction within a reasonable time limit specified by the responsible Ministers; and

  (c)   consider any submission that is received from the Indigenous Affairs Minister within that time limit.

  (2)   If a draft direction is sent to the Indigenous Affairs Minister under subsection   (1):

  (a)   the Indigenous Affairs Minister must send a copy of the draft direction to the Indigenous Land and Sea Corporation Board; and

  (b)   the Indigenous Affairs Minister must invite the Indigenous Land and Sea Corporation Board to make a submission to the Indigenous Affairs Minister on the draft direction within a reasonable time limit that:

  (i)   is specified by the Indigenous Affairs Minister; and

  (ii)   ends before the time limit specified by the responsible Ministers under paragraph   (1)(b) in relation to the making of a submission on the draft direction by the Indigenous Affairs Minister; and

  (c)   if a submission is received from the Indigenous Land and Sea Corporation Board within the time limit specified by the Indigenous Affairs Minister under paragraph   (b) of this subsection:

  (i)   the Indigenous Affairs Minister must make a submission to the responsible Ministers on the draft direction within the time limit specified by the responsible Ministers under paragraph   (1)(b); and

  (ii)   in preparing the submission to the responsible Ministers, the Indigenous Affairs Minister must consider the submission received from the Indigenous Land and Sea Corporation Board.



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