Ministerial Directions and General Policies of Government

During 2008–09, the Minister made no directions to IBA under section 151 of the ATSI Act.

The Minister has given IBA an exemption from the requirement to comply with the general policies of government in relation to the following:

• Australian Government property ownership
• cost recovery
• foreign exchange risk management
• the National Code of Practice for the Construction Industry.

Although exempted from complying with some aspects of foreign exchange risk management, IBA is required to report foreign exchange exposures, gains and losses to the Department of Finance and Deregulation.