Northern Territory Consolidated Acts

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TERRITORY INSURANCE OFFICE ACT - SECT 22E

Conflict of interests policy statement

    (1)     The Board must prepare for the Minister's approval a written policy statement for resolving conflicts between managing the Fund and other assets of the Office.

    (2)     In exercising its powers and performing its functions, the Board must have regard to the policy statement as approved by the Minister.

    (3)     The Board:

        (a)     must review the policy statement before the end of each financial year; and

        (b)     may, following the review, prepare a new policy statement for the Minister's approval.

    (4)     The new policy statement must be given to the Minister not later than when the statements of corporate intent for the next financial year are given to the Minister for approval.



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