National Treasure Management Agency (Amendment) Act 2000

Fund investment services for Minister.

28

28.—(1) The Minister may, in relation to a fund or any part of a fund, by order delegate to the Agency his or her functions in relation to the investment of the fund, or that part of the fund.

(2) An order under subsection (1) may contain such ancillary and incidental provisions as the Minister considers necessary or expedient for the purposes of the delegation effected by the order.

(3) The Minister may give directions or guidelines to the Agency in relation to the performance by it of the function delegated to it under subsection (1), and the Agency shall comply with any such directions and perform that function in accordance with any such guidelines.

(4) The Minister shall, before giving directions or guidelines to the Agency under subsection (3), consult with any other Minister of the Government who manages or controls, or both manages and controls, all or any part of the fund concerned.

(5) The Agency shall keep, in such form as may be approved of by the Minister, all proper and usual accounts in relation to the performance by it of the function delegated to it under subsection (1), and it shall, whenever requested to do so by the Minister, furnish such accounts to him or her or provide him or her with such information in relation to such accounts as he or she may specify or both.

Annotations:

Editorial Notes:

E30

Power pursuant to subss. (1), (2) exercised (31.10.2019) by National Treasury Management Agency (Amendment) Act 2000 (Delegation of Investment Functions) Order 2019 (S.I. No. 535 of 2019).

E31

Power pursuant to subss. (1), (2) exercised (9.05.2018) by National Treasury Management Agency (Amendment) Act 2000 (Delegation of Investment Functions) Order 2018 (S.I. No. 157 of 2018).

E32

Power pursuant to subss. (1), (2) exercised (20.07.2017) by National Treasury Management Agency (Amendment) Act 2000 (Delegation of Investment Functions) Order 2017 (S.I. No. 331 of 2017).

E33

Power pursuant to subss. (1), (2) exercised (29.05.2001) by National Treasury Management Agency (Amendment) Act, 2000 (Delegation of Investment Functions) Order 2001 (S.I. No. 241 of 2001).