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DISASTER READY FUND ACT 2019 - SECT 42

Future Fund Board to be consulted on Disaster Ready Fund Investment Mandate

  (1)   Before giving the Future Fund Board a direction under subsection   39(1), the responsible Ministers must:

  (a)   send a draft of the direction to the Future Fund Board; and

  (b)   invite the Future Fund Board 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 Future Fund Board within that time limit.

  (2)   Any submission made by the Future Fund Board on a draft direction in accordance with paragraph   (1)(b) must be tabled in each House of the Parliament with the direction.

Note:   As the direction is a legislative instrument, it is also tabled in each House of the Parliament under section   38 of the Legislation Act 2003 .



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