31Future Fund Board to be consulted on DisabilityCare Australia Fund Investment Mandate

31 Future Fund Board to be consulted on DisabilityCare Australia Fund Investment Mandate

(1) Before giving the Future Fund Board a direction under subsection 29(1), the responsible Ministers must: (a) send a draft of the direction to the Future Fund Board; and (b) invite the Future Fund Board to make a submission to the responsible Ministers on the draft direction within a time limit specified by the responsible Ministers; and (c) consider any submission that is received from the Future Fund Board within that time limit. (2) If: (a) the responsible Ministers give the Future Fund Board a direction under subsection 29(1); and (b) the Future Fund Board made a submission to the responsible Ministers on a draft of the direction within the time limit specified by the responsible Ministers; the submission is to be tabled in each House of the Parliament with the direction.

Note: For tabling of the direction, see section 38 of the Legislation Act 2003.

(3) A time limit specified under this section must be reasonable.