Commonwealth Numbered Acts Commonwealth Numbered Acts(1) The Board must formulate written policies to be complied with by the Corporation in relation to the following matters:
(a) the investment strategy of the Corporation;
(b) benchmarks and standards for assessing the performance of the Corporation's investments and of the Corporation itself;
(c) risk management for the Corporation's investments and for the Corporation itself;
(d) a matter specified in the regulations.
Note: For variation and revocation, see subsection 33(3) of the Acts Interpretation Act 1901 .
(2) The Board must ensure that the policies are consistent with the Investment Mandate.
(3) The Board must cause copies of the policies to be published on the Corporation's website.
(4) The Board must ensure that the first policies are published as soon as practicable and in any event no later than 1 July 2013.
(5) The Board must conduct periodic reviews of the policies.
(6) If there is a change in the Investment Mandate, the Board must review any affected policies.
(7) The Corporation must comply with the policies.
(8) A failure to comply with a policy does not affect the validity of any transaction.
(9) A policy formulated under subsection (1) is not a legislative instrument.