Higher Education Endowment Fund (Initial Credit and Subsequent Credit) Determination 2007
1Higher Education Endowment Fund (Initial Credit and Subsequent Credit) Determination 2007
Start here
Get a plain-English read of 1
Turn the raw legal text into a practical explanation grounded in Higher Education Endowment Fund (Initial Credit and Subsequent Credit) Determination 2007.
Image unavailable in extracted text
Higher Education Endowment Fund (Initial Credit and Subsequent Credit) Determination 2007
Higher Education Endowment Fund Act 2007
We, 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.
Dated 12 October 2007
PETER COSTELLO NICK MINCHIN
Treasurer Minister for Finance and Administration
1 Name of Determination
This Determination is the Higher Education Endowment Fund (Initial Credit and Subsequent Credit) Determination 2007.
2 Commencement
This Determination commences on the day on which it is registered.
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.
3 Initial credit
For 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.
| Item | Amount ($ billion) | Date |
|---|---|---|
| 1 | 3.000 | 22 October 2007 |
| 2 | 2.000 | 22 January 2008 |
4 Subsequent credit
For 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.