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Begin by preheating the oven to 325 degrees F.
Grease and flour a bundt pan or funnel pan.
To the bowl of an electric mixer, add the flour, custard powder, baking powder, salt, sugar, butter and oil.
Mix on low speed for just a couple of minutes until the butter and oil are well incorporated and the mixture is crumbly and sandy looking.
Add the milk and vanilla extract and mix for one minute.
Add the eggs one at a time, mixing just until the batter is smooth.
Scrape the sides and bottom of the bowl well after each egg is added.
Pour the batter into the prepared pan and bake for 55-65 minutes or until a wooden toothpick inserted into the centre comes out clean.
Completely cool the cake on a wire rack.