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WORKPLACE INJURY MANAGEMENT AND WORKERS COMPENSATION ACT 1998 - SECT 19A
Investment Board
(1) There is to be a Workers Compensation Insurance Fund Investment Board.
(2) The Investment Board is to consist of 6 members, being: (a) the
Chief Executive Officer, and
(b) 5 part-time members appointed by the
Governor on the joint recommendation of the Minister and the Treasurer.
(3)
The persons recommended for appointment as members of the Investment Board
must have such business, investment or other qualifications or experience as
the Minister and the Treasurer consider necessary to enable the
Investment Board to exercise its functions.
(4) The Investment Board has the
following functions: (a) determining investment policies for the investment of
the Insurance Fund,
(b) reporting to the Minister on the investment
performance of the Insurance Fund.
(5) The functions of the
Board of Directors do not include any function of the Investment Board.
(6)
Schedule 3A has effect with respect to the Investment Board.
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