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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2021 - onwards
  Version 2 of 2    

21. Manager of Fund.

Repealed from 31 December 2021

(1) The Commission shall appoint a manager of the Fund, in this Act referred to as the "Manager", to act as its agent in the performance of its functions under the Act.

(2) On the establishment day, the Commission shall appoint the Agency to be the Manager for a period of 10 years.

(3) After the period referred to in subsection (2) and after each period of 5 years thereafter, the Commission, acting in consultation with the Minister and with his or her consent, may appoint the Agency, or such other person as it considers to be best qualified, to be the Manager for a period of 5 years.

(4) The Manager shall supply the Commission with such information, advice and assistance regarding the responsibilities of the Commission and the activities of the Manager, investment managers, custodians and any other adviser or service provider engaged by the Commission, as the Commission may, from time to time, require.

(5) The Manager shall have all such powers as are necessary or expedient for th

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