Commonwealth Consolidated Acts

ABORIGINAL LAND RIGHTS (NORTHERN TERRITORY) ACT 1976 - SECT 65BL

  (1)   The NTAI Corporation may only acquire a derivative for the purpose of:

  (a)   protecting the value of an investment of the NTAI Corporation (other than a derivative); or

  (b)   protecting the return on an investment of the NTAI Corporation (other than a derivative); or

  (c)   achieving indirect exposure to financial assets (other than derivatives) for a purpose in connection with the NTAI Corporation's function of making investments; or

  (d)   achieving transactional efficiency for a purpose in connection with the NTAI Corporation's function of making investments;

but must not acquire a derivative for the purpose of:

  (e)   speculation; or

  (f)   leverage.

  (2)   The acquisition of a derivative under subsection   (1) must be consistent with the strategic investment plan in force at the time of the acquisition.

  (3)   A subsidiary of the NTAI Corporation must only acquire derivatives for a purpose for which the Corporation may do so under subsection   (1).