The Act sets out the obligations of the Trust Board and provides for sustained funding of the Museum by a levy on Auckland ratepayers. It also requires the Museum to actively supplement public funding with commercial activities.
One of the Trust Board's duties is to establish broad lines of policy for the guidance of the Director. Significant intended policies are published in the Annual Plan. These policies are called Governance Policies and the full versions of which are available to download.
The Act provides for a ten-Member Trust Board to be appointed by Auckland Council (five Members), the Auckland Museum Institute (four Members) and by the Māori advisory committee Taumata-ā-Iwi (one Member).