Western Australian Consolidated Acts Western Australian Consolidated Acts (1) An approval given
by the Treasurer —
(a) must
be in writing; and
(b) may
be given when and how the Treasurer determines; and
(c) may
be given in relation to a particular matter or matters of a particular kind.
(2) The Treasurer may,
after consulting the Board, issue written guidelines to be followed by the
Board in relation to —
(aa) the
exercise by the Board of its powers under section 6(1)(c) to select and
appoint external administrators of the schemes and monitor their
administration; and
(a) the
information, advice and assistance to be provided by the Board under
section 6(1)(d); and
(b) the
provision by the Board of, or the facilitation by the Board of the provision
of, products and services under section 6(1)(e); and
(ca) the
exercise by the Board of its powers under section 7(2)(b) and (c); and
(c) the
carrying out of actuarial investigations under section 17; and
(d) the
exercise of the Board’s powers under section 18; and
(e) the
submission of matters to the Treasurer for approval under sections 18,
23, 24 and 38(5); and
(fa) the
formulation and review of an investment strategy under section 19; and
(f) the
review by the Board of its investment strategy and the management and
performance of its investments under section 19(3); and
(ga) the
maintenance of reserves and the formulation and review of a reserving strategy
under section 20A; and
(g) the
allocation of investment earnings and costs of managing and administering the
Fund and the schemes under section 22; and
(h) the
appointment of investment managers under section 23(1); and
(i)
the delegation of functions to investment managers under
section 23(2); and
(j)
borrowing under section 24.
(3) Guidelines issued
under subsection (2) are not subsidiary legislation for the purposes of
the Interpretation Act 1984 .
(4A) Where guidelines
are issued under subsection (2), the Treasurer is to —
(a)
publish notice of the guidelines in the Gazette within 21 days of the
issue; and
(b) make
and, for so long as they remain current, keep the guidelines accessible on or
through a website maintained by the Department.
(4B) In
subsection (4A) —
Department means the department of the Public
Service principally assisting in the administration of this Act.
(4) If there is any
inconsistency between guidelines issued under subsection (2) and a
direction given under section 35, the guidelines prevail.
[Section 33 amended by No. 18 of 2006
s. 12; No. 25 of 2007 s. 19(1); No. 35 of 2011
s. 49.]