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Aboriginal Land Rights (Northern Territory) Act 1976
65BLDerivatives
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#### 65BL Derivatives
(1) The NTAI Corporation may only acquire a derivative for the purpose of:
(a) protecting the value of an investment of the NTAI Corporation (other than a derivative); or
(b) protecting the return on an investment of the NTAI Corporation (other than a derivative); or
(c) achieving indirect exposure to financial assets (other than derivatives) for a purpose in connection with the NTAI Corporation’s function of making investments; or
(d) achieving transactional efficiency for a purpose in connection with the NTAI Corporation’s function of making investments;
but must not acquire a derivative for the purpose of:
(e) speculation; or
(f) leverage.
(2) The acquisition of a derivative under subsection (1) must be consistent with the strategic investment plan in force at the time of the acquisition.
(3) A subsidiary of the NTAI Corporation must only acquire derivatives for a purpose for which the Corporation may do so under subsection (1).