Western Australian Numbered Acts Western Australian Numbered Acts (1) The Board may
appoint —
(a) an
employee of the Board; or
(b) a
person approved by the Treasurer,
as an investment
manager on terms determined by the Board.
(2) Subject to the
Treasurer’s guidelines the Board may delegate to an investment manager
all or any of its functions under section 18 with respect to all or part
of the Fund.
(3) A person is not
appointed as an investment manager within the meaning of this section unless
the person is appointed for the purpose of enabling the Board to delegate a
function to that person under subsection (2).