Document ID: chunk:federal_register_of_legislation:C2021C00208:section:38a
Version: federal_register_of_legislation:C2021C00208
Segment Type: section
Provision Reference: s 38A
Character Range: 28279–29484

38A  Investment policy
 (1) The Board may formulate a written policy in relation to the following matters:
 (a) the investment strategy of the National Film and Sound Archive of Australia;
 (b) benchmarks and standards for assessing the performance of the National Film and Sound Archive of Australia's investments;
 (c) risk management for the National Film and Sound Archive of Australia's investments.
Note: For variation and revocation, see subsection 33(3) of the Acts Interpretation Act 1901.

Publication of policy
 (2) If the Board formulates a policy under subsection (1), the Board must cause a copy of the policy to be published on the National Film and Sound Archive of Australia's website.

Review of policy
 (3) If the Board formulates a policy under subsection (1), the Board must conduct periodic reviews of the policy.

Compliance with policy
 (4) If the Board formulates a policy under subsection (1), the National Film and Sound Archive of Australia must comply with the policy.
 (5) A failure to comply with the policy does not affect the validity of any transaction.

Policy not a legislative instrument
 (6) A policy formulated under subsection (1) is not a legislative instrument.