National Library Act 1960
23Investment policy
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23 Investment policy
(1) The Council may formulate a written policy in relation to the following matters: (a) the investment strategy of the Library; (b) benchmarks and standards for assessing the performance of the Library’s investments; (c) risk management for the Library’s investments.
Note: For variation and revocation, see subsection 33(3) of the Acts Interpretation Act 1901.
Publication of policy (2) If the Council formulates a policy under subsection (1), the Council must cause a copy of the policy to be published on the Library’s website. Review of policy (3) If the Council formulates a policy under subsection (1), the Council must conduct periodic reviews of the policy. Compliance with policy (4) If the Council formulates a policy under subsection (1), the Library must comply with the policy. (5) A failure to comply with the policy does not affect the validity of any transaction. Policy not a legislative instrument (6) A policy formulated under subsection (1) is not a legislative instrument.