Investment managers
43 Investment managers
The Future Fund Board may engage one or more investment managers for purposes in connection with the Aboriginal and Torres Strait Islander Land and Sea Future Fund.
The Future Fund Board must not:
invest amounts under subsection 30(1); or
acquire derivatives under subsection 40(1); or
enter into a securities lending arrangement under subsection 42(1); or
realise financial assets that are investments of the Aboriginal and Torres Strait Islander Land and Sea Future Fund;
unless the Board does so:
through an investment manager engaged by the Board under subsection (1); or
in a manner approved, in writing, by the responsible Ministers.
The Future Fund Board must ensure that any investment manager engaged by the Board under subsection (1) operates within this Act.
The Future Fund Board must ensure that any investment manager engaged by the Board under subsection (1) reports to the Board and the Agency on the state of the investments of the Aboriginal and Torres Strait Islander Land and Sea Future Fund at such times and in such manner as the Board determines.
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