27Additional payments—advice given by the Future Fund Board

27 Additional payments—advice given by the Future Fund Board

(1) Before making a determination under subsection 25(1), the Finance Minister and the Indigenous Affairs Minister must give the Future Fund Board written notice that: (a) sets out a draft of the determination; and (b) requires the Future Fund Board to: (i) give advice to those Ministers about the impact of the making of the determination on the sustainability of payments required to be made under section 22; and (ii) do so within the period specified in the notice; and (c) requires the Future Fund Board, in giving that advice, to have regard to: (i) the Aboriginal and Torres Strait Islander Land and Sea Future Fund Investment Mandate; and (ii) such other matters (if any) as are specified in the notice.

Note: Section 22 deals with annual payments.

(2) The Future Fund Board must comply with a requirement in a notice under subsection (1). (3) A period specified under subparagraph (1)(b)(ii) must not be shorter than 90 days after the notice is given. (4) A matter specified under subparagraph (1)(c)(ii) must not be inconsistent with: (a) this Act; or (b) the Aboriginal and Torres Strait Islander Land and Sea Future Fund Investment Mandate. (5) Paragraph (1)(c) does not, by implication, limit the matters to which the Future Fund Board may have regard.