This Act has a purpose. The purpose is to set up a Venture Capital Fund. You will see that the Act also says who will manage this fund. The Guardians of New Zealand Superannuation will manage and administer the fund. This is what the Act is for. You can think of a Venture Capital Fund like a pool of money. This money is used to help new businesses grow. The Guardians of New Zealand Superannuation are in charge of this pool of money. The Act says what the Guardians of New Zealand Superannuation must do. They must manage the fund and make sure it is used correctly. This is an important job to make sure the fund helps new businesses.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS210767.
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1: Title, or
"The name of this law is the Venture Capital Fund Act 2019"
The Parliamentary Counsel Office has made editorial and format changes to this version using the powers under subpart 2 of Part 3 of the Legislation Act 2019.
Note 4 at the end of this version provides a list of the amendments included in it.
This Act is administered by the Treasury.
