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Public Trustee Act 1979
12Public Trustee Investment Board
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12 Public Trustee Investment Board
(1) There shall be a Board to be called the Public Trustee Investment
Board that shall control the investment of money which is from time
to time in a common fund and available for investment.
(2) The Investment Board shall meet at such times and places as it
thinks fit.
(3) The Investment Board consists of:
(a) the Public Trustee or, in the absence of the Public Trustee, the
Deputy Public Trustee; and
(b) 2 persons appointed by the Minister.
(4) The quorum at a meeting of the Investment Board is the Public
Trustee or the Deputy Public Trustee and one other person.
(5) The Public Trustee shall be the Chairperson of a meeting of the
Investment Board.
(6) The Chairperson of a meeting of the Investment Board shall have a
deliberative vote and in cases of an equality of votes shall have a
casting vote.