Queensland Numbered Acts

MINERAL AND ENERGY RESOURCES (FINANCIAL PROVISIONING) ACT 2018 - SECT 21

21 Functions

(1) The scheme manager has the following functions—

(a) allocating authorities to a risk category;

(b) reviewing the risk category to which authorities have been allocated;

(c) managing the scheme;

(d) setting investment objectives for the scheme fund or part of the scheme fund and establishing investment strategies and policies to achieve the objectives.

(2) In performing the function under subsection (1)(d), the scheme manager must ask for advice from—

(a) the Long Term Asset Advisory Board; or

(b) if the Treasurer nominates another entity for this paragraph—the nominated entity.

(3) In this section—

"Long Term Asset Advisory Board" means the Long Term Asset Advisory Board established under the Queensland Treasury Corporation Act 1988 , section 10.