Document ID: chunk:federal_register_of_legislation:C2021C00209:section:46a
Version: federal_register_of_legislation:C2021C00209
Segment Type: section
Provision Reference: s 46A
Character Range: 28618–29638

46A  Investment policy
 (1) The Board may formulate a written policy in relation to the following matters:
 (a) the investment strategy of the Gallery;
 (b) benchmarks and standards for assessing the performance of the Gallery's investments;
 (c) risk management for the Gallery'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 Gallery'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 Gallery 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.