Chapter 22:20 Sovereign Wealth Fund of Zimbabwe Act 10/2013 (iii) guidelines on ethical investment, including policies, standards and procedures for avoiding prejudice to Zimbabwe’s reputation as a responsible member of the international community; and (iv) indications relating to the management of credit, liquidity and operational, currency, market and other financial risks; and (v) indications on prohibited or restricted investments or any investment constraints or limits; and (vi) in relation to the object referred to in section 4(a) and (b), the extent to which the Board may invest moneys in domestic assets. (2) During any financial year, the Board may prepare and submit for the Minister’s approval a supplementary budget relating to expenditure which— (a) was not, for good reason, provided for in the annual budget; or (b) was inadequately provided for in the annual budget due to unforeseen circumstances. (3) A supplementary budget approved by the Minister shall be deemed to form part of the annual budget of the Board for the financial year to which it relates. 19 Charges on Fund (1) Subject to subsection (2), there shall be paid from the Fund in accordance with an annual budget referred to in section 18— (a) the general operational and administrative expenses of the Board; and (b) such remuneration, if any, as the Board may, with the approval of Minister, fix for members of the Board; and (c) such allowances, if any, as the Board may fix to meet any reasonable expenses the members of the Board may incur in connection with the Board’s business; and (d) such remuneration of the Chief Executive Officer and staff of the Board as the Board shall, with the approval of Minister, fix; and (e) the expenses of the audit of the Board’s books and accounts; and (f) the remuneration payable to any investment manager, agent or consultant employed or retained by the Board; and (g) the liability of the Board for taxes, duties and rates; and (h) expenses arising from the contracted obligations and liabilities of the Board. (2) Expenditure for the purposes of subsection (1)(b), (c), (d) and (f) shall not exceed two point five per centum of the total projected deposits into the Fund for the financial year in question. 20 Establishment and operation of general reserve (1) The Board shall establish a general reserve to which, subject to this Part, may be appropriated from a surplus of income over expenditure of the Fund at the end of its financial year such sums as the Minister may approve. (2) Subject to this Part, moneys in the general reserve may, with the approval of the Minister, be used for such purposes as the Board may consider expedient for the proper exercise by it of its functions including the development of the assets of the Fund. 11