New Zealand Superannuation and Retirement Income Act 2001

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.