Commonwealth Numbered Acts

HIGHER EDUCATION ENDOWMENT FUND ACT 2007 (NO. 160, 2007) - SECT 21

             (1)  The main object of the acquisition by the Future Fund Board of a financial asset as an investment of the Fund is to enhance the Commonwealth's ability to:

                     (a)  make grants of financial assistance to eligible higher education institutions in relation to capital expenditure; and

                     (b)  make grants of financial assistance to eligible higher education institutions in relation to research facilities.

             (2)  The ancillary objects of the acquisition by the Future Fund Board of a financial asset as an investment of the Fund are to enhance the ability of the Commonwealth and the Future Fund Board to:

                     (a)  discharge costs, expenses, obligations and liabilities; and

                     (b)  make payments;

as mentioned in paragraphs 16(1)(c) to (i) and 16(4)(a) to (g).