National Reconstruction Fund Corporation Act 2023
72Limits on Investment Mandate
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72 Limits on Investment Mandate
The Ministers must not give a direction under subsection 71(1): (a) that has the purpose, or has or is likely to have the effect, of directly or indirectly requiring a Corporation body to, or not to, make a particular provision of financial accommodation to a constitutional corporation, a State, a Territory, an entity or an individual; or (b) that has the purpose, or has or is likely to have the effect, of directly or indirectly requiring a Corporation body to, or not to, make a particular acquisition of one or more equity interests; or (c) that is inconsistent with this Act (including the object of this Act).