Higher Education Endowment Fund (Consequential Amendments) Act 2007 (161 of 2007)

Schedule 1   Amendments

Part 1   Amendments

Future Fund Act 2006

67   At the end of section 84

Add:

Transfer of amounts to the Higher Education Endowment Fund Special Account

(2) If an amount is credited to the Fund Account under subsection (1), the nominated Minister may, by writing, direct that a specified amount is to be:

(a) debited from the Fund Account; and

(b) credited to the Higher Education Endowment Fund Special Account;

on a specified day.

(3) The specified amount must not exceed the amount credited to the Fund Account under subsection (1).

(4) A direction under subsection (2) is not a legislative instrument.