CTHRepealedLegislation
Northern Australia Infrastructure Facility Investment Mandate Direction 2016
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Northern Australia Infrastructure Facility Investment Mandate Direction 2016
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Turn the raw legal text into a practical explanation grounded in Northern Australia Infrastructure Facility Investment Mandate Direction 2016.
(1) The Facility will develop a Risk Appetite Statement to guide its Investment Decisions, in consultation with the responsible Minister and the relevant Northern Australia jurisdictions.
(2) In order to drive economic development in Northern Australia, the Risk Appetite Statement must have regard to a preference for a diversified portfolio, including industry and geographic spread across the States and Territory that comprise Northern Australia.
(3) The Risk Appetite Statement may have a high risk tolerance in relation to factors that are unique to investing in Northern Australia Economic Infrastructure as defined in the Act, including but not limited to, Northern Australia’s:
(a) distance;
(b) remoteness; and
(c) climate.
(4) The Risk Appetite Statement will be reviewed annually to address emerging risks, changes to existing risks, and changes to Government policy.