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Fragment    Next Fragment Thursday, 27 November 2008 Page: 11678
Mr PYNE (11:12 AM) —Mr Speaker—  The DEPUTY SPEAKER (Hon. Peter
Slipper)—Mr Deputy Speaker.  Mr PYNE —I am sorry: Mr Deputy
Speaker, in rising to speak on the Nation-building Funds Bill
2008, Nation-building Funds (Consequential Amendments) Bill 2008
and the COAG Reform Fund Bill 2008, I note that my contribution
is particularly drawn towards the Higher Education Endowment
Fund, which has been renamed and slightly restructured as the
Education Investment Fund. The Education Investment Fund will
have $8.7 billion, $2.5 billion from the 2007-08 surplus and the
remainder from the Higher Education Endowment Fund. To put it
another way, the Education Investment Fund will contain $2.5
billion from the surplus created by the remarkable economic
legacy of the coalition government and more than $6 billion from
a fund established for this purpose dir