12Investment strategies for scheme funds

12 Investment strategies for scheme funds

12 Investment strategies for scheme funds

(1) ICNSW is to determine investment strategies for the investment of any scheme fund.

(2) ICNSW is to report to the Minister at least once in every period of 6 months on the investment performance of each scheme fund.

(3) ICNSW may enter into agreements or arrangements to determine investment strategies for the investment of any other insurance or compensation fund.

(4) Each of the following is a scheme fund for the purposes of this section—

(a) the Workers Compensation Insurance Fund established under section 154D of the Workers Compensation Act 1987,

(b) the Workers’ Compensation (Dust Diseases) Fund constituted under the Workers’ Compensation (Dust Diseases) Act 1942,

(c) the Bush Fire Fighters Compensation Fund established under section 19 of the Workers Compensation (Bush Fire, Emergency and Rescue Services) Act 1987,

(d) the Emergency and Rescue Workers Compensation Fund established under section 31 of the Workers Compensation (Bush Fire, Emergency and Rescue Services) Act 1987,

(e) the Lifetime Care and Support Authority Fund established under section 48 of the Motor Accidents (Lifetime Care and Support) Act 2006,

(f) the Sporting Injuries Fund established under section 11 of the Sporting Injuries Insurance Act 1978,

(g) the Supplementary Sporting Injuries Fund established under section 11A of the Sporting Injuries Insurance Act 1978.