House of Assembly Fifty-Second Parliament, Second Session (52-2) 52 2 Parliament of South Australia House of Assembly published Answers to Questions South Australian Museum Board SOUTH AUSTRALIAN MUSEUM BOARD In reply to Mrs REDMOND House of Assembly Heysen SOUTH AUSTRALIAN MUSEUM BOARD In reply to Mrs REDMOND (Heysen) (31 October 2012). The Hon. J.W. WEATHERILL House of Assembly Cheltenham Premier Minister for State Development Minister for the Public Sector Minister for the Arts SOUTH AUSTRALIAN MUSEUM BOARD The Hon. J.W. WEATHERILL (Cheltenham—Premier, Treasurer, Minister for State Development, Minister for the Public Sector, Minister for the Arts): I have been advised of the following: 1.	Shares held and traded by the South Australian Museum Board have been acquired by Board administered funds (i.e. non-government appropriated funds). In September 2012, in response to the Auditor-General's findings, the South Australian Museum Board wrote to the Treasurer seeking approval to continue to acquire, hold and/or deal with shares. The business of share trading by the South Australian Museum Board is carried out in accordance with the South Australian Museum Board Investment Policy and is overseen by the Board appointed investment manager JBWere. As at 30 June 2012, the South Australian Museum Board held shares in a diverse investment portfolio including blue chip mining and banking shares. The portfolio holdings of the South Australian Museum Board at 30 June 2012 total $1,204,373. The investment returns of share holdings and trading by the South Australian Museum Board has significantly outperformed the South Australian Financing Authority Cash Management Fund investment product for the 2011-12 financial year.