Nation-building Funds
Nation-building Funds Financials
Building Australia Fund (BAF)
| BAF (as at 30 September 2012) | |
|---|---|
| Total Credits - for further information on transfers to the BAF | $10,934.7 million |
| Total Commitments | $10,492.3 million |
| Actual Net Earnings | $1,453.0 million |
| Uncommitted Balance * | $1,895.3 million |
| Total Payments from the fund | $6,479.4 million |
Balance of the fund** |
$5,908.3 million |
| Maximum Annual Payment Limit for 2012-13 | $1,229.4 million |
| Annualised rate of return | 5.6% |
Data may not sum due to rounding
* The uncommitted balance of the fund is the amount available to fund future eligible BAF projects. It includes net investment earnings up to 30 September 2012 and all Government decisions to date on commitments from the BAF.
**The balance of the fund includes net investment earnings and payments made for projects up to 30 September 2012.
Please refer to the Future Fund Portfolio update at 30 September 2012 [
- PDF] for further information on the investment performance of the Funds.
Education Investment Fund (EIF)
| EIF (as at 30 September 2012) | |
|---|---|
| Total Credits - further information on transfers to the EIF | $6,483.8 million |
| Total Commitments | $4,554.0 million |
| Actual Net Earnings | $981.1 million |
| Uncommitted Balance * | $2,910.8 million |
| Total Payments from the fund | $3,202.1 million |
| Balance of the fund** | $4,262.7 million |
| Maximum Annual Payment Limit for 2012-13 | $683.3 million |
| Annualised rate of return | 5.6% |
Data may not sum due to rounding
* The uncommitted balance of the fund is the amount available to fund future eligible EIF projects. It includes net investment earnings up to 30 September 2012 and all Government decisions to date on commitments from the EIF.
**The balance of the fund includes net investment earnings and payments made for projects up to 30 September 2012.
Please refer to the Future Fund Portfolio update at 30 September 2012 [ - PDF] for further information on the investment performance of the Funds.
Health and Hospitals Fund (HHF)
| HHF (as at 30 September 2012) | |
|---|---|
| Total Credits - for further information on transfers to the HHF | $5,000.0 million |
| Total Commitments | $4,944.7 million |
| Actual Net Earnings | $744.2 million |
| Uncommitted Balance * | $799.4 million |
| Total Payments from the fund | $2,459.9 million |
| Balance of the fund** | $3,284.2 million |
| Maximum Annual Payment Limit for 2012-13 | $907.1 million |
| Annualised rate of return | 5.5% |
Data may not sum due to rounding
* The uncommitted balance of the fund is the amount available to fund future eligible HHF projects. It includes net investment earnings up to 30 September 2012 and all Government decisions to date on commitments from the HHF.
**The balance of the fund includes net investment earnings and payments made for projects up to 30 September 2012.
Please refer to the Future Fund Portfolio update at 30 September 2012 [- PDF] for further information on the investment performance of the Funds.
Nation-building Funds Transfers
Building Australia Fund (BAF)
| Date | Source of Funds | Amount |
|---|---|---|
| 1 January 2009 | The investments of the Communications Fund were credited to the BAF. | $2.468 billion |
| 7 January 2009 | The residual balance of the Communications Fund was credited to the BAF. | $53,626 |
| 12 June 2009 | 2007-08 budget surplus. | $7.500 billion |
| 26 June 2009 | Monies of the Telstra Sale Special Account were credited to the BAF. | $0.966 billion |
| 17 May 2010 | Unspent monies from the Commonwealth's contribution for the pre-construction works for the West Metro project, was re-credited to the BAF, following the New South Wales Government's decision not to proceed with the project. | $0.080 billion* |
| 22 December 2010 | Residual of unspent monies from the Commonwealth's contribution towards pre-construction works for the West Metro project, was re-credited to the BAF, following the completion of the audit by the New South Wales Auditor-General. | $0.003 billion* |
* In reporting on credits, spending and commitments this transfer is treated as a returned payment rather than a new credit to the BAF.
Education Investment Fund (EIF)
| Date | Source of Funds | Amount |
|---|---|---|
| 1 January 2009 | The balance of the Higher Education Endowment Fund was credited to the EIF. | $6.484 billion |
Health and Hospitals Fund (HHF)
| Date | Source of Funds | Amount |
|---|---|---|
| 20 February 2009 | 2007-08 budget surplus. | $1.000 billion |
| 12 June 2009 | 2007-08 budget surplus. | $4.000 billion |
Contact for information on this page: FundsBranch@finance.gov.au