19Board to be consulted on Future Fund Investment Mandate

#### 19 Board to be consulted on Future Fund Investment Mandate (1) Before giving the Board a direction under subsection 18(1), the responsible Ministers must: (a) send a draft of the direction to the Board; and (b) invite the 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 Board within that time limit. (2) If: (a) the responsible Ministers give the Board a direction under subsection 18(1); and (b) the 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.