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Aboriginal and Torres Strait Islander Land and Sea Future Fund Investment Mandate Direction 2019.

Country/Territory
Australia
Document type
Regulation
Date
2019
Source
FAO, FAOLEX
Subject
Land & soil
Keyword
Governance Institution Special fund
Geographical area
Asia and the Pacific, Australia and New Zealand, Indian Ocean, Oceania, South Pacific
Abstract

The object of this Direction is to give guidance to the Future Fund Board of Guardians established by section 34 of the Future Fund Act 2006 (the Board) in relation to its investment strategy for the Fund. The Board must seek to maximise the return earned on the Fund over the long term, consistent with international best practice for institutional investment, and subject to its obligations under the Act and any directions given by the Responsible Ministers. This Direction is given under subsection 32(1) of the Act to articulate the Government’s expectations for how the Fund will be invested and managed by the Board. This sets out matters of risk and return for the Fund.

Full text
English
Website
www.legislation.gov.au