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Higher Education Endowment Fund Bill 2007


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Education, Science and Training

Summary

The bill: establishes the Higher Education Endowment Fund (HEEF) to generate earnings for capital expenditure and research facilities in higher education institutions; grants the Treasurer and Finance Minister the power to credit cash amounts to the HEEF; grants the Future Fund Board of Guardians (the Board) statutory responsibility for managing the investments of the HEEF; expands the Future Fund Management Agency’s operational activities to provide executive support to the Board and be responsible for the operational activities associated with the investment of the HEEF; requires responsible ministers to issue an Investment Mandate to the Board regarding the investment of the HEEF and determine rules for the maximum level of payments from the HEEF; and establishes the Higher Education Endowment Fund Advisory Board to advise the Education Minister on matters related to the making of grants to eligible higher education institutions.

Progress of bill

For committee reference information, please see the Notes section at the end of this page.

House of Representatives
Introduced and read a first time 16/08/07  
Second reading moved 16/08/07  
Second reading agreed to 12/09/07  
Third reading agreed to 12/09/07  
     
Senate
Introduced and read a first time 12/09/07  
Second reading moved 12/09/07  
Second reading agreed to 19/09/07  
Third reading agreed to 19/09/07  
     
Assent 24/09/07 Act no.: 160 - Year: 2007
     

Text of bill

  • First reading

MS-Word PDF HTML

Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

Senate
  • Australian Democrats [sheet 5353]
STOTT DESPOJA, Natasha

MS-Word PDF HTML

Schedules of amendments

Bills Digest



Notes
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)