Western Australian Consolidated Acts

STATE SUPERANNUATION ACT 2000 - SECT 19

19 .         Investment strategy for Fund, Board’s duties as to

        (1)         The Board is to formulate a strategy for the Fund.

        (2A)         The Board’s investment strategy for the Fund is to be consistent with any relevant Treasurer’s guidelines.

        (2)         In formulating its investment strategy the Board is to have regard to all of the circumstances of the Fund including —

            (a)         the need to exercise care and prudence to maintain the integrity of the Fund; and

            (b)         the —

                  (i)         nature of; and

                  (ii)         potential for capital appreciation and income return from; and

                  (iii)         costs associated with making; and

                  (iv)         risks associated with,

                different investments and different kinds of investments; and

            (c)         the desirability of diversifying its investments; and

            (d)         the liquidity of the Fund; and

            (e)         its expected cash flow requirements; and

            (f)         the level of existing and prospective liabilities.

        (3)         The Board is to review —

            (a)         its investment strategy; and

            (b)         the management and performance of its investments,

                from time to time in accordance with any relevant Treasurer’s guidelines.

        (4)         In exercising its powers under section 18 the Board is to —

            (a)         act in accordance with any relevant Treasurer’s guidelines; and

            (b)         act so as to give effect to its investment strategy.

        [Section 19 amended by No. 25 of 2007 s. 19(1); No. 35 of 2011 s. 44.]