12Public Trustee Investment Board

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.