Commonwealth Numbered Acts

HIGHER EDUCATION ENDOWMENT FUND ACT 2007 (NO. 160, 2007) - SECT 23

             (1)  Income derived from an investment of the Fund is to be credited to the Fund Account.

             (2)  A return of capital, or any other financial distribution, relating to an investment of the Fund is to be credited to the Fund Account.

             (3)  The Future Fund Board may realise an investment of the Fund.

             (4)  Upon realisation of an investment of the Fund, the proceeds of the investment are to be credited to the Fund Account.

             (5)  At any time before an investment of the Fund matures, the Future Fund Board may authorise the re‑investment of the proceeds upon maturity in a financial asset investment with the same entity. The new investment is taken to be an investment of the Fund.

             (6)  Section 39 of the Financial Management and Accountability Act 1997 does not apply to an investment of the Fund.