Western Australian Numbered Acts Western Australian Numbered Acts (1) The Board is to
formulate and give effect to a broad investment strategy for the investment of
the Fund.
(2) In formulating its
investment strategy and in making investment decisions the Board is to
endeavour to optimize returns having regard to all of the circumstances of the
Fund including —
(a) the
need to exercise care and prudence to maintain the integrity of the Fund;
(b)
the —
(i)
nature of;
(ii)
potential for capital appreciation and income return
from;
(iii)
costs associated with making; and
(iv)
risks associated with,
different investments
and different kinds of investments;
(c) the
desirability of diversifying its investments;
(d) the
liquidity of the Fund;
(e) its
expected cash flow requirements; and
(f) the
level of existing and prospective liabilities.
(3) The Board is to
review —
(a) its
broad investment strategy; and
(b) the
management and performance of its investments,
from time to time in
accordance with the Treasurer’s guidelines.