New Zealand Superannuation and Retirement Income Act 2001

62 Investment management

(1)

The Guardians may appoint, on any terms and conditions that the Guardians think fit, 1 or more persons (including any department) to undertake the investment of any part of the Fund.

(2)

Different persons may be appointed for different parts of the Fund.

(3)

The Guardians must state, in each instrument of appointment, the powers and rights of the person appointed (including, without limitation, the extent of that person’s power to delegate any of those powers and rights).

(4)

This section does not limit section 49 of this Act or section 17 of the Crown Entities Act 2004.

Section 62(4): amended, on 25 January 2005, by section 200 of the Crown Entities Act 2004 (2004 No 115).