136Purposes of the Education Investment Fund Special Account—payments purposes and purposes related exclusively to the Education Investment Fund

#### 136 Purposes of the Education Investment Fund Special Account—payments purposes and purposes related exclusively to the Education Investment Fund (1) Each of the following is a purpose of the Education Investment Fund Special Account: (a) making payments in relation to the creation or development of higher education infrastructure, so long as the payments are authorised under subsection 176(1); (b) making payments in relation to the creation or development of research infrastructure, so long as the payments are authorised under subsection 176(2); (c) making payments in relation to the creation or development of vocational education and training infrastructure, so long as the payments are authorised under subsection 176(3); (d) making payments in relation to the creation or development of eligible education infrastructure, so long as the payments are authorised under subsection 176(4); (e) making transitional HEEF payments, so long as the payments are authorised under subsection 176(5); (f) paying the costs of, or incidental to, the acquisition of financial assets under section 151; (g) paying expenses of an investment of the Education Investment Fund; (h) paying the costs of, or incidental to, the acquisition of derivatives under section 161; (i) paying or discharging the costs, expenses and other obligations incurred by the Future Fund Board under a contract between the Future Fund Board and an investment manager engaged under subsection 164(1); (j) paying or discharging the costs, expenses and other obligations incurred in connection with the establishment, maintenance or operation of a bank account of the Future Fund Board, where the bank account relates exclusively to the Education Investment Fund; (k) paying a premium in respect of a contract of insurance entered into by the Future Fund Board exclusively in connection with the Education Investment Fund; (l) paying or discharging any other costs, expenses, obligations or liabilities incurred by the Future Fund Board exclusively in connection with the Education Investment Fund. > Note: See section 80 of the Public Governance, Performance and Accountability Act 2013 (which deals with special accounts). (2) Paragraphs (1)(a), (b), (c), (d) and (e) do not limit each other. (3) A payment under paragraph (1)(a), (b), (c) or (d) may be made: (a) by way of a grant of financial assistance; or (b) otherwise than by way of a grant of financial assistance. > Note 1: Section 183 deals with the channelling of payments through the EIF Education Portfolio Special Account. > Note 2: Section 190 deals with the channelling of payments through the EIF Research Portfolio Special Account. > Note 3: Section 194 deals with the channelling of State/Territory grants payments through the COAG Reform Fund.