Commonwealth Numbered Acts

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CLEAN ENERGY FINANCE CORPORATION ACT 2012 (NO. 104, 2012) - SECT 66

Board to be consulted on Investment Mandate

             (1)  Before giving the Board a direction under subsection 64(1), the responsible Ministers must:

                     (a)  send a draft of the direction to the Board; and

                     (b)  invite the Board to make a submission to the responsible Ministers on the draft direction within a reasonable time limit specified by the responsible Ministers; and

                     (c)  consider any submission that is received from the Board within that time limit.

             (2)  If:

                     (a)  the responsible Ministers give the Board a direction under subsection 64(1); and

                     (b)  the Board made a submission to the responsible Ministers on a draft of the direction within the time limit specified by the responsible Ministers;

the submission is to be tabled in each House of the Parliament with the direction.

Note:          For tabling of the direction, see section 38 of the Legislative Instruments Act 2003 .



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