Senate debates

Wednesday, 19 September 2007

Higher Education Endowment Fund Bill 2007; Higher Education Endowment Fund (Consequential Amendments) Bill 2007

In Committee

5:37 pm

Photo of Kim CarrKim Carr (Victoria, Australian Labor Party, Shadow Minister for Industry) Share this | Hansard source

I noticed one of the submissions before the Senate inquiry into the operations of this particular legislation concerned actuarial advice suggesting that the funds will not necessarily be available in the time lines that have been indicated. I wonder if you could check with the officers present. In the light of that actuarial advice tendered to the Senate committee, is it the department’s view that funding will be available in the time lines previously indicated? Is it the department’s view that the returns on funds will meet the stated claims or has there been any variation within the department as to what dividends will be available for distribution?

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