71Matters relating to subsidiaries

71 Matters relating to subsidiaries

(1) The Corporation must not incorporate or otherwise form a subsidiary in a place other than Australia. (2) In making investments for the purposes of the Corporation’s investment function, a subsidiary of the Corporation must: (a) only make complying investments; and (b) take all reasonable steps to comply with the Investment Mandate, to the extent to which the Investment Mandate is capable of applying to the activities of the subsidiary; and (c) comply with policies formulated by the Board under section 68, to the extent to which the policies are capable of applying to the activities of the subsidiary; and (d) only acquire derivatives for a purpose for which the Corporation may do so under section 70.