Automatic Enrolment Retirement Savings System Act 2024 section 10

Establishment of Board

Section 10 establishes the Board of the Authority and sets out its governance responsibilities, accountability to the Minister, and power to delegate functions.

• The Authority must have a Board to perform its functions, and the Board must ensure appropriate internal systems, procedures and practices are in place for performance management, strategic objectives and annual targets.
• The Board is responsible for establishing and implementing arrangements to manage the performance of the chief executive.
• The Board is accountable to the Minister for the due performance of its functions and must inform the Minister in writing of any matter requiring the Minister's attention.
• The Board may delegate functions in writing to a committee or to the chief executive, but cannot delegate its core governance and performance oversight responsibilities.