(1) The Commission shall for the purpose of managing the Fund -

(a) formulate policies to generate money for the Fund;

(b) determine the allocations to be made towards the objectives of the Fund; and

(c) determine annual targets of the Fund.

(2) The Commission may invest such part of the Fund as it considers appropriate in such manner as may be approved by the Minister in consultation with the Minister for Finance.

(3) All payments issued from the Fund shall be signed by the Chairman and the Executive Secretary of the Commission or the Chairman and one other member of the Commission.