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Higher Education Endowment Fund Bill 2007

Part 5 Reporting obligations

   

51   Nominated Minister may require Future Fund Board to prepare reports or give information

Reports

             (1)  The nominated Minister may, by written notice given to the Future Fund Board, require the Future Fund Board to:

                     (a)  prepare a report about one or more specified matters relating to the performance of the Future Fund Board’s functions under this Act; and

                     (b)  give copies of the report to the nominated Minister within the period specified in the notice.

Information

             (2)  The nominated Minister may, by written notice given to the Future Fund Board, require the Future Fund Board to:

                     (a)  prepare a document setting out specified information relating to the performance of the Future Fund Board’s functions under this Act; and

                     (b)  give copies of the document to the nominated Minister within the period specified in the notice.

Compliance

             (3)  The Future Fund Board must comply with a requirement under subsection (1) or (2).

Publication of reports and documents

             (4)  The nominated Minister may cause to be published (whether on the Internet or otherwise):

                     (a)  a report under subsection (1); or

                     (b)  a document under subsection (2).

Reports and documents

             (5)  A report under subsection (1) is not a legislative instrument .

             (6)  A document under subsection (2) is not a legislative instrument .

52   Keeping the responsible Ministers informed etc.

             (1)  The Future Fund Board must keep the responsible Ministers informed of the operations of the Future Fund Board under this Act.

             (2)  The Future Fund Board must give the nominated Minister such reports, documents and information in relation to those operations as are appropriate.