s 14

Limits on Investment Mandate

In force

(1)

The Minister must not give a direction under subsection 12(1):

(a)

that has the purpose, or has or is likely to have the effect, of directly or indirectly requiring the Board:

(i)

to make, or not to make, a particular loan or grant; or

(ii)

to grant, or not to grant, financial assistance to a State or Territory for a particular project; or

(iia)

to issue, or not to issue, a particular guarantee; or

(iii)

to take, or not to take, particular action relating to a particular loan or grant; or

(iv)

to take, or not to take, particular action relating to financial assistance granted to a State or Territory for a particular project; or

(v)

to take, or not to take, particular action relating to a particular guarantee; or

(b)

that is inconsistent with this Act (including the object of this Act).

(2)

The Minister must not give a direction under subsection 12(1) about the performance of the Help to Buy functions.

Note:

The Minister may give the Board directions about the Help to Buy functions under Part 3 of the Help to Buy Act 2024.

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