Commonwealth Numbered Acts

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HIGHER EDUCATION ENDOWMENT FUND ACT 2007 (NO. 160, 2007) - SECT 17

Future Fund Board must ensure that there is sufficient money in the Fund Account to cover authorised grants etc.

                   The Future Fund Board must take all reasonable steps to ensure that the amount of money standing to the credit of the Fund Account is sufficient to cover the debit of amounts for grants authorised, or proposed to be authorised, under subsection 45(1) or (2).

Note:          This may require the Future Fund Board to realise an investment of the Fund in accordance with section 23.


 



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