71Investment Mandate

71 Investment Mandate

(1) The Ministers may, by legislative instrument, give the Board directions about the performance of the Corporation’s investment functions or the exercise of the Corporation’s investment powers (or both), and must give at least one such direction. The directions together constitute the Investment Mandate.

Note: For variation and revocation, see subsection 33(3) of the Acts Interpretation Act 1901.

(2) In giving a direction, the Ministers must have regard to: (a) the object of this Act; and (b) any other matters the Ministers consider relevant. (3) Without limiting subsection (1), a direction may set out the policies to be pursued by the Corporation in relation to any or all of the following: (a) matters of risk and return; (b) the allocation of investments of the Corporation between the various priority areas of the Australian economy; (c) the types of financial accommodation that may be provided to constitutional corporations by a Corporation body and the circumstances in which they may be provided; (d) the types of constitutional corporations to which financial accommodation may be provided by a Corporation body; (e) providing financial accommodation to constitutional corporations on concessional terms; (f) the types of financial accommodation that may be provided to entities (other than constitutional corporations, States or Territories) or individuals by a Corporation body and the circumstances in which they may be provided; (g) the types of entities (other than constitutional corporations, States or Territories) or individuals to which financial accommodation may be provided by a Corporation body; (h) providing financial accommodation to entities (other than constitutional corporations, States or Territories) or individuals on concessional terms; (i) the types of equity interests that may be acquired by a Corporation body; (j) the types of entities in which a Corporation body may acquire equity interests; (k) acquiring equity interests on concessional terms; (l) the types of financial accommodation that may be provided to the States and Territories by a Corporation body and the circumstances in which they may be provided; (m) providing financial accommodation to the States and Territories on concessional terms; (n) the types of derivatives which the Corporation may acquire; (o) national security; (p) broad operational matters; (q) other matters the Ministers consider appropriate to deal with in a direction under subsection (1).