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

Schedule 1   Amendments

Part 1   Amendments

Future Fund Act 2006

69   After subclause 8(1) of Schedule 1

Insert:

(1A) A direction under subclause (1) in relation to financial assets must not direct the Board in relation to the investment of an amount credited to the Fund Account in respect of:

(a) income derived from the financial assets; or

(b) a return of capital, or any other financial distribution, relating to the financial assets; or

(c) the proceeds of the realisation of the financial assets.

Note: For directions about the investment of amounts standing to the credit of the Fund Account, see section 18 (Future Fund Investment Mandate).