Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The responsible Ministers m ust , by legislative instrument, give directions (the Operating Mandate ) to the Corporation about the performance of the Corporation ' s functions.
Note: Part 4 of Chapter 3 (sunsetting) of the Legislation Act 2003 does not apply to the directions (see regulations made for the purposes of paragraph 54(2)(b) of that Act).
(2 ) Without limiting subsection ( 1), a direction forming part of the Operating Mandate may be given in relation to the following:
(a) the objectives that the Corporation is to pursue in administering:
(i) farm business loans; or
(ii) financial assistance in relation to water infrastructure projects; or
(iii) programs prescribed by the rules under subsection 8 (5) ;
(b) expectations in relation to the strategies and policies to be followed for the effective performance of the Corporation ' s functions;
( c ) eligibility criteria for loans or financial assistance;
(d) financial arrangements in relation to the Corporation , including how amounts received by the Corporation are to be dealt with and the circumstances in which they are to be remitted to the Commonwealth;
(e) any other matters the responsible Ministers think appropriate.
(3) The Operating Mandate must not direct, or have the effect of directing, the Corporation in relation to:
(a) a particular farm business loan; or
(b) a particular loan provided by the Corporation under a program prescribed by the rules under subsection 8 (5) .
(4) Despite regulations made for the purposes of paragraph 44(2)(b) of the Legislation Act 2003 , section 42 (disallowance) of that Act applies to a direction forming part of the Operating Mandate.