(1) The Board may appoint any or all of the following:
(1A) There may be paid to, or in respect of, any secretary, officer, employee, adviser, company, or other person referred to in subclause (1), out of any of the pools of the global asset trust or the property of the existing schemes that the Board considers appropriate, remuneration, fees, or expenses as the Board determines.
(1B) The Board may, on any terms and conditions that the Board considers appropriate, subscribe for or acquire, and hold, shares or other securities issued by a company that provides (or is to provide or has provided) secretariat or other services to the Board.
(1C) Subclause (1B) applies whether or not—
(1D) Any money payable by the Board in respect of shares or other securities under subclause (1B) is to be paid out of any of the pools of the global asset trust or the property of any of the existing schemes or otherwise as the Board considers appropriate.
(2) The common seal of the Board shall not be affixed to any document or instrument except by the authority of the Board and in the presence of any 2 of the following persons, namely, the members of the Board, the secretary to the Board, and such other persons as the Board may appoint for the purposes of this subclause, and those 2 persons shall sign every document or instrument to which the seal is affixed in their presence.
(3) The Board may, by instrument in writing, appoint an attorney or attorneys of the Board to exercise any or all of the powers of the Board and for such period and on such other terms and conditions as the Board shall determine.
Schedule 4 clause 3(1): substituted, on 22 August 2001, by section 38(2) of the Government Superannuation Fund Amendment Act 2001 (2001 No 47).
Schedule 4 clause 3(1A): substituted, on 22 August 2001, by section 38(2) of the Government Superannuation Fund Amendment Act 2001 (2001 No 47).
Schedule 4 clause 3(1B): inserted, on 22 August 2001, by section 38(2) of the Government Superannuation Fund Amendment Act 2001 (2001 No 47).
Schedule 4 clause 3(1C): inserted, on 22 August 2001, by section 38(2) of the Government Superannuation Fund Amendment Act 2001 (2001 No 47).
Schedule 4 clause 3(1D): inserted, on 22 August 2001, by section 38(2) of the Government Superannuation Fund Amendment Act 2001 (2001 No 47).
Schedule 4 clause 3(1E): inserted, on 22 August 2001, by section 38(2) of the Government Superannuation Fund Amendment Act 2001 (2001 No 47).