Document ID: chunk:federal_register_of_legislation:C2008A00155:clause:3_4
Version: federal_register_of_legislation:C2008A00155
Segment Type: clause
Provision Reference: sch 3 cl 4
Character Range: 21406–22015

4  Transitional—securities lending arrangement

Scope

(1) This item applies if:
 (a) before the commencement of this item, the Future Fund Board entered into a securities lending arrangement under subsection 33(1) of the repealed Higher Education Endowment Fund Act 2007; and
 (b) the arrangement was in force immediately before the commencement of this item.

Continuity of arrangement

(2) The Nation‑building Funds Act 2008 has effect as if the arrangement had been entered into by the Future Fund Board under subsection 163(1) of that Act for a purpose in connection with the Education Investment Fund.