Commonwealth Consolidated Acts

NATIONAL RECONSTRUCTION FUND CORPORATION ACT 2023

TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARY

   1.      Short title  
   2.      Commencement  
   3.      Object  
   4.      Simplified outline of this Act  
   5.      Definitions  
   6.      Priority areas of the Australian economy  
   7.      Crown to be bound  
   8.      Extension to external Territories  
   9.      Extra - territorial application  

   PART 2--NATIONAL--RECONSTRUCTION FUND CORPORATION

   10.     Simplified outline of this Part  
   11.     Establishment  
   12.     Corporation's functions  
   13.     Corporation's powers  
   14.     Corporation does not have privileges and immunities of the Crown  

   PART 3--BOARD--OF CORPORATION

           Division 1--Simplified outline

   15.     Simplified outline of this Part  

           Division 2--Establishment and functions

   16.     Establishment  
   17.     Functions of the Board  

           Division 3--Board Members

   18.     Membership  
   19.     Appointment of Board members  
   20.     Chair  
   21.     Term of appointment  
   22.     Acting appointments  
   23.     Remuneration  
   24.     Leave of absence  
   25.     Resignation of Board members  
   26.     Termination of appointment of Board members  
   27.     Other terms and conditions of Board members  

           Division 4--Meetings of the Board

   28.     Convening meetings  
   29.     Presiding at meetings  
   30.     Quorum  
   31.     Voting at meetings  
   32.     Conduct of meetings  
   33.     Minutes  
   34.     Decisions without meetings  

   PART 4--CHIEF--EXECUTIVE OFFICER, STAFF AND CONSULTANTS AND COMMITTEES

           Division 1--Simplified outline

   35.     Simplified outline of this Part  

           Division 2--Chief Executive Officer of Corporation

   36.     Establishment  
   37.     Functions of the CEO  
   38.     Appointment  
   39.     CEO holds office during Board's pleasure  
   40.     Acting appointments  
   41.     Remuneration of CEO  
   42.     Outside employment  
   43.     Other terms and conditions  
   44.     Disclosure of interests  
   45.     Resignation  

           Division 3--Staff and consultants

   46.     Staff  
   47.     Consultants  

           Division 4--Committees

   48.     Committees  
   49.     Remuneration and allowances  

   PART 5--FINANCIAL--ARRANGEMENTS

           Division 1--Simplified outline

   50.     Simplified outline of this Part  

           Division 2--National Reconstruction Fund Corporation Special Account

              Subdivision A--Establishment of Account

   51.     Establishment of Account  

              Subdivision B--Credits

   52.     Credits to the Account  

              Subdivision C--Debits

   53.     Purposes of the Account  
   54.     Corporation's request for a payment for itself  
   55.     Nominated Minister's authorisation of payment to Corporation  
   56.     Agreement between nominated Minister and Corporation  

           Division 3--The Corporation's money

   57.     Application of the Corporation's money  
   58.     Managing surplus money  
   59.     Borrowing  
   60.     Receipt of gifts  
   61.     Taxation  

   PART 6--INVESTMENT--FUNCTIONS AND POWERS

           Division 1--Simplified outline of this Part

   62.     Simplified outline of this Part  

           Division 2--Investment functions and powers

   63.     Investment functions  
   64.     Terms and conditions of financial accommodation provided to a constitutional corporation  
   65.     Terms and conditions of financial accommodation provided to an entity (other than a constitutional corporation, a State or a Territory) or an individual  
   66.     Terms and conditions of financial accommodation provided to a State or Territory  
   67.     A Corporation body may realise, or otherwise deal with, investments  
   68.     A Corporation body must realise equity interests in certain circumstances  
   69.     Investments of Corporation bodies to be solely or mainly Australian - based  
   70.     When an investment of a Corporation body is solely or mainly Australian - based  

           Division 3--Performance of investment functions etc.

   71.     Investment Mandate  
   72.     Limits on Investment Mandate  
   73.     Board to be consulted on Investment Mandate  
   74.     Compliance with Investment Mandate  
   75.     Investment policies  
   76.     Guarantees  
   77.     Derivatives  

   PART 7--MISCELLANEOUS

   78.     Simplified outline of this Part  
   79.     Incorporation or formation of subsidiaries  
   80.     Responsibilities of designated subsidiaries  
   81.     Corporation body may charge fees  
   82.     Publication of investment reports  
   83.     Publication of reports etc.  
   84.     Extra matters to be included in annual report  
   85.     Disclosure of official information  
   86.     Nominated Minister  
   87.     Delegation by nominated Minister  
   88.     Delegation by Corporation  
   89.     Delegation by Board  
   90.     Delegation and subdelegation by CEO  
   91.     Periodic reviews of the operation of this Act  
   92.     Rules