CTHRepealedAct
Nation-building Funds Act 2008
162Additional financial assets
Start here
Get a plain-English read of 162
Turn the raw legal text into a practical explanation grounded in Nation-building Funds Act 2008.
#### 162 Additional financial assets
(1) If, as a result of:
(a) the Future Fund Board’s holding of an investment of the Education Investment Fund; or
(b) the exercise of any rights or powers conferred on the Future Fund Board in its capacity as the holder of an investment of the Education Investment Fund;
the Future Fund Board becomes the holder of a financial asset, that financial asset is taken to be an investment of the Education Investment Fund.
Transitional—Higher Education Endowment Fund
(2) If, as a result of:
(a) the Future Fund Board’s holding of an investment of the Higher Education Endowment Fund at a time before the commencement of this section; or
(b) the exercise of any rights or powers conferred on the Future Fund Board in its capacity as the holder of an investment of the Higher Education Endowment Fund at a time before the commencement of this section;
the Future Fund Board becomes the holder of a financial asset at a time after the commencement of this section, that financial asset is taken to be an investment of the Education Investment Fund.