(1) The Corporation
must prepare a draft plan for each financial year in respect of the investment
and management of the public sector superannuation funds for that year.
(2) The plan must set
out—
(a) a
target for the rate of return on investment and management of the
public sector superannuation funds; and
(b)
strategies for the achievement of that target; and
(c) the
anticipated operating costs to be incurred by the Corporation during the
financial year; and
(d) the
factors that, in the opinion of the Corporation, will affect or influence the
investment and management of the public sector superannuation funds during the
year; and
(e) such
other matters as the Corporation thinks should be included in the plan.
(3) The draft plan
must be prepared and copies must be submitted to the Minister and
the superannuation boards before the commencement of the financial year to
which it relates.
(4) The Corporation
must have regard to any comments made by the Minister or a superannuation
board in relation to the draft plan and may, if it thinks that it is necessary
or desirable to do so, amend the plan as a result of the comments.
(5) The Corporation
must provide the Minister and the superannuation boards with a copy of the
final plan.