Commonwealth Numbered Acts

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HIGHER EDUCATION ENDOWMENT FUND ACT 2007 (NO. 160, 2007) - SECT 18

Transfers from the Future Fund to the Higher Education Endowment Fund

             (1)  If an amount is debited from the Fund Account for a purpose mentioned in subsection 16(4), the Finance Minister may, by writing, direct that a specified amount is to be:

                     (a)  debited from the Future Fund Special Account; and

                     (b)  credited to the Fund Account;

on a specified day.

             (2)  The specified amount must not exceed the amount debited from the Fund Account as mentioned in subsection (1).

             (3)  A direction under subsection (1) is not a legislative instrument.



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