Western Australian Consolidated Acts

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INSURANCE COMMISSION OF WESTERN AUSTRALIA ACT 1986 - SECT 19

19 .         Arrangements for appointment of investment managers

        (1)         The Commission may, with the written approval of the Treasurer, arrange for a person to invest or manage moneys or other property under the control of the Commission on such terms and conditions (including payment) as may be mutually arranged by the board of commissioners with that person.

        (2)         The Commission is not to make an arrangement with a person under subsection (1) unless the board of commissioners considers that the person is suitably qualified to perform the functions required under the arrangement.

        (3)         The Commission is to ensure that expressions of interest are invited from persons who are believed by the board of commissioners to be suitably qualified before an arrangement is made under subsection (1).

        [Section 19 inserted by No. 45 of 1996 s. 17.]



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