46AInvestment policy

46A Investment policy

(1) The Board may formulate a written policy in relation to the following matters: (a) the investment strategy of the Gallery; (b) benchmarks and standards for assessing the performance of the Gallery’s investments; (c) risk management for the Gallery’s investments.

Note: For variation and revocation, see subsection 33(3) of the Acts Interpretation Act 1901.

Publication of policy (2) If the Board formulates a policy under subsection (1), the Board must cause a copy of the policy to be published on the Gallery’s website. Review of policy (3) If the Board formulates a policy under subsection (1), the Board must conduct periodic reviews of the policy. Compliance with policy (4) If the Board formulates a policy under subsection (1), the Gallery 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.