Schedule 3 Dictionary

Schedule 3 Dictionary

section 3

asset—

(a) means a legal or equitable estate or interest, whether present or future and whether vested or contingent, in real or personal property of any description, including money, and

(b) includes securities, choses in action and documents.

Board—see section 11.

Board member means a member of the Board appointed under section 13(2).

CEO—see section 20(1).

Chairperson means a Board member appointed as the Chairperson of the Board under section 15(1).

clean energy technologies—see section 35(1).

clean energy technologies guidelines—see section 35(2).

complying investment—see section 34(2).

Corporation means the Energy Security Corporation established by section 4.

ESC Fund—see section 38(1).

exercise a function includes perform a duty.

function includes a power, authority or duty.

Finance Minister means the Minister for Finance.

government sector employee means a person employed in a government sector agency within the meaning of the Government Sector Employment Act 2013.

investment and risk policies—see section 29(1).

investment function means investing, directly or indirectly, in clean energy technologies under section 33.

Investment Mandate—see section 25.

operating balance, of the Operational Fund, means the amount agreed under section 43(c).

Operational Fund—see section 45(1).

senior member, of the Corporation’s staff, means a member of the staff who reports directly to the CEO.

uncommitted balance, of the Operational Fund, means the amount standing to the credit of the Operational Fund less the total of the Corporation’s liabilities, whether actual or contingent, in relation to guarantees given by the Corporation and still in effect.