New South Wales Consolidated Acts

WORKPLACE INJURY MANAGEMENT AND WORKERS COMPENSATION ACT 1998 - SECT 19A

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 General Manager, 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.