sec.28Investment manager for defined benefit assets

### sec.28 Investment manager for defined benefit assets The Minister may give the trustee a written notice (an approval notice ) stating each person who is an approved investment manager for the investment of defined benefit assets. The Minister may include a person in an approval notice— only if the person is appropriately qualified; and only after consulting the person and the trustee. An approval notice takes effect in relation to a person included in the notice on the day stated in the notice. If the Minister has given an approval notice, the trustee— must appoint a defined benefits investment manager; and may appoint only an approved investment manager to be a defined benefits investment manager. The defined benefits investment manager must invest defined benefit assets in a way that is consistent with— the deed; and the investment objectives, strategies or policies set by the trustee for the investment of the assets; and this Act, the Superannuation Industry (Supervision) Act 1993 (Cwlth) and any other law. In this section— defined benefit assets means the assets of the scheme fund attributable to a government defined benefit category. defined benefits investment manager means the investment manager, within the meaning of the Superannuation Industry (Supervision) Act 1993 (Cwlth) , who invests defined benefit assets under the deed. s 28 ins 2021 No. 20 s 31 (sec.28-ssec.1) The Minister may give the trustee a written notice (an approval notice ) stating each person who is an approved investment manager for the investment of defined benefit assets. (sec.28-ssec.2) The Minister may include a person in an approval notice— only if the person is appropriately qualified; and only after consulting the person and the trustee. (sec.28-ssec.3) An approval notice takes effect in relation to a person included in the notice on the day stated in the notice. (sec.28-ssec.4) If the Minister has given an approval notice, the trustee— must appoint a defined benefits investment manager; and may appoint only an approved investment manager to be a defined benefits investment manager. (sec.28-ssec.5) The defined benefits investment manager must invest defined benefit assets in a way that is consistent with— the deed; and the investment objectives, strategies or policies set by the trustee for the investment of the assets; and this Act, the Superannuation Industry (Supervision) Act 1993 (Cwlth) and any other law. (sec.28-ssec.6) In this section— defined benefit assets means the assets of the scheme fund attributable to a government defined benefit category. defined benefits investment manager means the investment manager, within the meaning of the Superannuation Industry (Supervision) Act 1993 (Cwlth) , who invests defined benefit assets under the deed. - (a) only if the person is appropriately qualified; and - (b) only after consulting the person and the trustee. - (a) must appoint a defined benefits investment manager; and - (b) may appoint only an approved investment manager to be a defined benefits investment manager. - (a) the deed; and - (b) the investment objectives, strategies or policies set by the trustee for the investment of the assets; and - (c) this Act, the Superannuation Industry (Supervision) Act 1993 (Cwlth) and any other law.