CTHRepealedAct
Nation-building Funds Act 2008
156Future Fund Board to be consulted on Education Investment Fund Investment Mandate
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#### 156 Future Fund Board to be consulted on Education Investment Fund Investment Mandate
(1) Before giving the Future Fund Board a direction under subsection 154(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 154(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.