14Limits on Investment Mandate

14 Limits on Investment Mandate

(1) The Minister must not give a direction under subsection 12(1): (a) that has the purpose, or has or is likely to have the effect, of directly or indirectly requiring the Board: (i) to make, or not to make, a particular loan or grant; or (ii) to grant, or not to grant, financial assistance to a State or Territory for a particular project; or (iia) to issue, or not to issue, a particular guarantee; or (iii) to take, or not to take, particular action relating to a particular loan or grant; or (iv) to take, or not to take, particular action relating to financial assistance granted to a State or Territory for a particular project; or (v) to take, or not to take, particular action relating to a particular guarantee; or (b) that is inconsistent with this Act (including the object of this Act). (2) The Minister must not give a direction under subsection 12(1) about the performance of the Help to Buy functions.

Note: The Minister may give the Board directions about the Help to Buy functions under Part 3 of the Help to Buy Act 2024.