New Zealand Superannuation and Retirement Income Act 2001

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Investment of Fund

58 Investment of Fund

(1)

The Guardians are responsible for investing the Fund.

(2)

The Guardians must invest the Fund on a prudent, commercial basis and, in doing so, must manage and administer the Fund in a manner consistent with—

(a)

best-practice portfolio management; and

(b)

maximising return without undue risk to the Fund as a whole; and

(c)

avoiding prejudice to New Zealand’s reputation as a responsible member of the world community.