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

Pays/Territoire
Australie
Type du document
Règlement
Date
2019
Source
FAO, FAOLEX
Sujet
Terre et sols
Mot clé
Gouvernance Institution Fonds spécial
Aire géographique
Asie et Pacifique, Australie et Nouvelle-Zélande, Océan Indien, Océanie, Pacifique Sud
Résumé

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.

Texte intégral
Anglais
Site web
www.legislation.gov.au