Public Sector Superannuation Reform Regulations 2017
9Investment of Fund
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9 Investment of Fund
(1) Subject to this regulation, money standing to the credit of the Fund may be invested by the Commission with any investment manager in any manner which the Commission thinks fit.
(2) The Commission may authorise an investment manager to perform the powers and duties of the Commission in respect of all or part of the money of the Fund available for investment.
(3) Whether or not the Commission appoints an investment manager, the Commission must, at least every 12 months, conduct a review of –
(a) the Commission's investment policy; and
(b) the management and performance of the Commission's investments.
(4) Without limiting the generality of subregulation (1) , money standing to the credit of the Fund may be invested on first mortgage of real property in the State, including a completed unit, held in fee simple, to which a strata plan registered under the Strata Titles Act 1998 relates.
(5) Subregulation (4) applies to a mortgage or further charge under which, or in respect of which, the investment manager has priority over all other persons.