Document ID: chunk:federal_register_of_legislation:C2008A00155:clause:3_15
Version: federal_register_of_legislation:C2008A00155
Segment Type: clause
Provision Reference: sch 3 cl 15
Character Range: 29631–30906

15  Transitional—advice given by the Higher Education Endowment Fund Advisory Board

Scope

(1) This item applies if:
 (a) before the commencement of this item, the Higher Education Endowment Fund Advisory Board gave advice about a payment by way of a grant of financial assistance; and
 (b) the Board did so under section 41 of the Higher Education Endowment Fund Act 2007; and
 (c) in giving that advice, the Board complied with the document that:
 (i) is entitled "Higher Education Endowment Fund (HEEF) Application and Assessment Procedures for the 2009 Funding Round"; and
 (ii) was attached to the Higher Education Endowment Fund Advisory Board Directions No. 1 of 2008 as in force before the commencement of this item.

Advice

(2) The Nation‑building Funds Act 2008 has effect as if:
 (a) immediately after the commencement of this item, the EIF Advisory Board had, under subsection 171(6) of that Act, given advice to the EIF designated Ministers about the payment; and
 (b) any requirements imposed by that Act in relation to that advice had been complied with.

Definitions

(3) In this item:
EIF Advisory Board has the same meaning as in the Nation‑building Funds Act 2008.
EIF designated Ministers has the same meaning as in the Nation‑building Funds Act 2008.