Commonwealth Consolidated Acts

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FUTURE DROUGHT FUND ACT 2019 - SECT 43

Limitation on Future Drought Fund Investment Mandate

  (1)   The responsible Ministers must not give a direction under subsection   41(1) that has the purpose, or has or is likely to have the effect, of directly or indirectly requiring the Future Fund Board to:

  (a)   invest an amount standing to the credit of the Future Drought Fund Special Account in a particular financial asset; or

  (b)   acquire a particular derivative; or

  (c)   allocate financial assets to:

  (i)   a particular business entity; or

  (ii)   a particular activity; or

  (iii)   a particular business.

  (2)   Paragraphs   (1)(a) and (b) do not limit paragraph   (1)(c).



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