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

Schedule 1   Amendments

Part 1   Amendments

Future Fund Act 2006

72   Paragraphs 2(c) to (m) of Schedule 2

Repeal the paragraphs, substitute:

(c) paying the costs of, or incidental to, the acquisition of financial assets under section 16;

(d) paying expenses of an investment of the Fund;

(e) paying the costs of, or incidental to, the acquisition of derivatives under section 25;

(f) paying or discharging the costs, expenses and other obligations incurred by the Board under a contract between the Board and an investment manager engaged under subsection 28(1);

(g) paying or discharging the costs, expenses and other obligations incurred in connection with the establishment, maintenance or operation of a bank account of the Board, where the bank account relates exclusively to the Fund;

(h) paying a premium in respect of a contract of insurance entered into by the Board exclusively in connection with the Fund;

(i) paying or discharging any other costs, expenses, obligations or liabilities incurred by the Board exclusively in connection with the Fund.