Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Facility must not incorporate or otherwise form a subsidiary in a place other than Australia.
(2) In providing financial assistance in the form of equity investments for the purposes of the performance of the Facility's functions under subsection 7(1A), a subsidiary of the Facility must:
(a) take all reasonable steps to comply with the Investment Mandate, to the extent to which the Investment Mandate is capable of applying to the activities of the subsidiary; and
(b) only acquire derivatives for a purpose for which the Facility may do so under subsection 7(1C).