{"id":"F2007L04150","name":"Higher Education Endowment Fund (Initial Credit and Subsequent Credit) Determination 2007","slug":"higher-education-endowment-fund-initial-credit-and-subsequent-credit-determination-2007","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":70264,"registerId":"commonwealth-F2007L04150-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Higher Education Endowment Fund (Initial Credit and Subsequent Credit) Determination 2007","content":"![](image.001.png)\n\nHigher Education Endowment Fund (Initial Credit and Subsequent Credit) Determination 2007\n\nHigher Education Endowment Fund Act 2007\n\nWe, PETER HOWARD COSTELLO, Treasurer, and NICHOLAS HUGH MINCHIN, Minister for Finance and Administration, make this Determination under paragraphs 13 (1) (b) and 14 (1) (a) of the Higher Education Endowment Fund Act 2007.\n\nDated 12 October 2007\n\nPETER COSTELLO NICK MINCHIN\n\nTreasurer Minister for Finance and Administration\n\n1 Name of Determination\n\nThis Determination is the Higher Education Endowment Fund (Initial Credit and Subsequent Credit) Determination 2007.\n\n2 Commencement\n\nThis Determination commences on the day on which it is registered.\n\n> Note Section 42 of the Legislative Instruments Act 2003 (which deals with disallowance of legislative instruments) does not apply to this instrument: see subsections 13 (3) and 14 (2) of the Higher Education Endowment Fund Act 2007.\n\n3 Initial credit\n\nFor paragraph 13 (1) (b) of the Higher Education Endowment Fund Act 2007, an amount specified in an item in the table is to be credited to the Fund Account on the date specified in the item.\n\n| Item | Amount ($ billion) | Date            |\n| ---- | ------------------ | --------------- |\n| 1    | 3.000              | 22 October 2007 |\n| 2    | 2.000              | 22 January 2008 |\n\n4 Subsequent credit\n\nFor paragraph 14 (1) (a) of the Higher Education Endowment Fund Act 2007, the amount of $1 billion is to be credited to the Fund Account on 22 January 2008.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1613},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The determination performs exactly the function specified in its title and the enabling Act—determining the initial and subsequent monetary credits to establish the Higher Education Endowment Fund. No expansion beyond original legislative intent is evident."},"complexity_factors":["Extremely short instrument (4 operative sections)","No defined terms or interpretation section","Simple tabular format specifying only dollar amounts and dates","No conditional logic, exceptions, or discretionary provisions","Direct statutory references without cross-referencing chains"],"plain_english_summary":"This determination is essentially a government instruction to deposit **$6 billion** into the Higher Education Endowment Fund—a permanent investment account designed to generate long-term income for Australian universities.\n\n**What it does:**\n- Credits **$3 billion** to the fund on 22 October 2007\n- Credits another **$2 billion** on 22 January 2008  \n- Credits a further **$1 billion** on 22 January 2008\n\n**Who it affects:**\n- **Universities**: Can apply for grants funded by the investment returns (income) generated by this $6 billion principal\n- **Taxpayers**: Establishes a capital endowment (similar to a scholarship fund) rather than spending the money immediately\n\n**Why it matters:**\nRather than one-off spending on buildings or equipment, this creates a perpetual funding source. The government invests the $6 billion, and only the returns are distributed to higher education institutions. This provides a lasting revenue stream for university infrastructure and research instead of temporary budget allocations."}},"importantCases":[],"_links":{"self":"/api/acts/higher-education-endowment-fund-initial-credit-and-subsequent-credit-determination-2007","history":"/api/acts/higher-education-endowment-fund-initial-credit-and-subsequent-credit-determination-2007/history","analysis":"/api/acts/higher-education-endowment-fund-initial-credit-and-subsequent-credit-determination-2007/analysis","conflicts":"/api/acts/higher-education-endowment-fund-initial-credit-and-subsequent-credit-determination-2007/conflicts","importantCases":"/api/acts/higher-education-endowment-fund-initial-credit-and-subsequent-credit-determination-2007/important-cases","documents":"/api/acts/higher-education-endowment-fund-initial-credit-and-subsequent-credit-determination-2007/documents"}}