Education Endowment Scheme Bill
Table of Contents
Long Title
Enacting Formula
Part I PRELIMINARY
1 Short title and commencement
2 Interpretation
Part II EDUCATION ENDOWMENT SCHEME
3 Establishment of Education Endowment Fund
4 Capital money of Endowment Fund
5 Establishment of EduSave Fund
6 Ordinary member of EduSave Fund
7 Voluntary member of EduSave Fund
8 Contributions to be paid to eligible ordinary members
9 Advisory Council
10 Functions of Council
Part III WITHDRAWAL OF CONTRIBUTIONS
11 Conditions for withdrawal from EduSave Fund
12 Donation and transfer of member’s moneys in EduSave Fund
13 Withdrawals
14 Protection of benefits
15 Moneys payable on death of a member
Part IV MISCELLANEOUS
16 Expenses
17 Financial year of EduSave Fund
18 Accounts to be kept
19 Appointment, powers and duties of auditor
20 Failure to furnish information to auditor
21 Presentation of financial statements and auditor’s report to Parliament
22 Annual report
23 Offences
24 Regulations
Explanatory Statement
Expenditure of Public Money