Commonwealth Numbered Acts

CLEAN ENERGY FINANCE CORPORATION ACT 2012 (NO. 104, 2012) - SECT 70

             (1)  The Corporation may only acquire a derivative for the purpose of:

                     (a)  protecting the value of an investment of the Corporation (other than a derivative); or

                     (b)  protecting the return on an investment of the Corporation (other than a derivative); or

                     (c)  achieving indirect exposure to financial assets (other than derivatives) for a purpose in connection with the Corporation's investment function; or

                     (d)  achieving transactional efficiency for a purpose in connection with the Corporation's investment function;

but must not acquire a derivative for the purpose of:

                     (e)  speculation; or

                      (f)  leverage.

             (2)  The acquisition of a derivative under subsection (1) must be consistent with the investment strategy embodied in a policy formulated by the Board under subsection 68(1).