Document ID: chunk:federal_register_of_legislation:C2008A00155:clause:3_5
Version: federal_register_of_legislation:C2008A00155
Segment Type: clause
Provision Reference: sch 3 cl 5
Character Range: 22015–22587

5  Transitional—investment manager

Scope

(1) This item applies if:
 (a) before the commencement of this item, the Future Fund Board engaged an investment manager under subsection 34(1) of the repealed Higher Education Endowment Fund Act 2007; and
 (b) the engagement was in force immediately before the commencement of this item.

Continuity of engagement

(2) The Nation‑building Funds Act 2008 has effect as if the Future Fund Board had engaged the investment manager under subsection 164(1) of that Act for purposes in connection with the Education Investment Fund.