(1) The Higher Education Endowment Fund Advisory Board is established.
(2) The Advisory Board consists of such persons as the Education Minister from time to time appoints, by writing, to the Advisory Board.
(3) The Education Minister may terminate a person's appointment to the Advisory Board.
(4) The Education Minister may give the Advisory Board written directions as to:
(a) the way in which the Advisory Board is to carry out its function; and
(b) procedures to be followed in relation to meetings.
(5) A direction under subsection (4) is a legislative instrument.
Note 1: Section 42 (disallowance) of the Legislative Instruments Act 2003 does not apply to the direction--see section 44 of that Act.
Note 2: Part 6 (sunsetting) of the Legislative Instruments Act 2003 does not apply to the direction--see section 54 of that Act.