4
CurrentSimplified outline of this Act
Part 1Preliminary
4 Simplified outline of this Act
This Act sets up the Australian Business Securitisation Fund.
The Fund consists of the Australian Business Securitisation Fund Special Account and the investments of the Fund.
The investments of the Fund must be debt securities that meet certain requirements.
The Minister is responsible for making investment decisions for the Fund, however, the Minister may delegate the power to make these decisions.
Investment decisions must be made in accordance with any directions given by the Minister.
This Act’s bill:Explanatory memorandumSecond reading speech
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