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Clean Energy Finance Corporation Act 2012
70Derivatives
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#### 70 Derivatives
(1) The Corporation may only acquire a derivative for the purpose of:
(a) protecting the value of an investment of the Corporation (other than a derivative); or
(b) protecting the return on an investment of the Corporation (other than a derivative); or
(c) achieving indirect exposure to financial assets (other than derivatives) for a purpose in connection with the Corporation’s investment function; or
(d) achieving transactional efficiency for a purpose in connection with the Corporation’s investment function;
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 investment strategy embodied in a policy formulated by the Board under subsection 68(1).