Higher Education Endowment Fund (Consequential Amendments) Act 2007 (161 of 2007)

Schedule 1   Amendments

Part 2   Transitional and application provisions

81   Transitional - derivatives

(1) This item applies to a derivative that:

(a) was acquired under subsection 25(1) of the Future Fund Act 2006; and

(b) was held by the Board immediately before the commencement of this item.

(2) The Future Fund Act 2006 has effect, after the commencement of this item, as if the derivative had been acquired under subsection 25(1) of that Act as amended by this Schedule.