34Limitation on Aboriginal and Torres Strait Islander Land and Sea Future Fund Investment Mandate

34 Limitation on Aboriginal and Torres Strait Islander Land and Sea Future Fund Investment Mandate

(1) The responsible Ministers must not give a direction under subsection 32(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 Aboriginal and Torres Strait Islander Land and Sea Future 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).