Limits on Investment Mandate
14 Limits on Investment Mandate
The Minister must not give a direction under subsection 12(1):
that has the purpose, or has or is likely to have the effect, of directly or indirectly requiring the Board:
to make, or not to make, a particular loan or grant; or
to grant, or not to grant, financial assistance to a State or Territory for a particular project; or
to issue, or not to issue, a particular guarantee; or
to take, or not to take, particular action relating to a particular loan or grant; or
to take, or not to take, particular action relating to financial assistance granted to a State or Territory for a particular project; or
to take, or not to take, particular action relating to a particular guarantee; or
that is inconsistent with this Act (including the object of this Act).
The Minister must not give a direction under subsection 12(1) about the performance of the Help to Buy functions.
The Minister may give the Board directions about the Help to Buy functions under Part 3 of the Help to Buy Act 2024.
This Act’s bill:Explanatory memorandumSecond reading speech
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