Commonwealth Numbered Acts Commonwealth Numbered Acts(1) The Board may engage one or more investment managers.
(2) The Board must not:
(a) invest amounts under subsection 16(1); or
(b) acquire derivatives under subsection 25(1); or
(c) enter into a securities lending arrangement; or
(d) realise financial assets;
unless the Board does so:
(e) through an investment manager engaged by the Board; or
(f) in a manner approved, in writing, by the responsible Ministers.
(3) The Board must ensure that any investment manager engaged by the Board operates within this Act.
(4) The Board must ensure that any investment manager engaged by the Board reports to the Board and the Agency on the state of the investments of the Fund at such times and in such manner as the Board determines.