Education (Tertiary Reforms) Amendment Act 2007

28 How institutions may use income and capital
  • Section 201A(1) is amended by repealing paragraph (a) and substituting the following paragraph:

    • (a) apply its income and capital in doing whatever the council thinks will—

      • (i) enable the institution to carry out the functions characteristic of an institution of the class to which the institution belongs; and

      • (ii) in the case of an institution that has a plan, enable the institution to achieve the outcomes set out in that plan; and.