150Objects of investment of the Education Investment Fund

150 Objects of investment of the Education Investment Fund

(1) The main object of the acquisition by the Future Fund Board of a financial asset as an investment of the Education Investment Fund is to enhance the Commonwealth’s ability: (a) to make payments in relation to the creation or development of higher education infrastructure; and (b) to make payments in relation to the creation or development of research infrastructure; and (c) to make payments in relation to the creation or development of vocational education and training infrastructure; and (d) to make payments in relation to the creation or development of eligible education infrastructure; and (e) to make transitional HEEF payments. (2) The ancillary objects of the acquisition by the Future Fund Board of a financial asset as an investment of the Education Investment 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 136(1)(f) to (l), 137(a) to (g) and 138(a) to (g).