s 12

Investment Mandate

In force

(1)

The Minister may, by legislative instrument, give the Board directions about the performance of Housing Australia’s functions, and must give at least one such direction. The directions together constitute the Investment Mandate.

Note 1:

Section 42 (disallowance) of the Legislation Act 2003 does not apply to the direction—see regulations made for the purposes of paragraph 44(2)(b) of that Act.

Note 2:

For the Help to Buy functions, see subsection 14(2).

(2)

In giving a direction, the Minister must have regard to the object of this Act and any other matters the Minister considers relevant.

(3)

In performing its functions, Housing Australia must take all reasonable steps to comply with the Investment Mandate.

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