Nation-building Funds

Nation-building Funds Financials

Building Australia Fund (BAF)

BAF Financials at a glance
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 [External Site - PDF] for further information on the investment performance of the Funds.

Education Investment Fund (EIF)

EIF Financials at a glance
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 [External Site - PDF] for further information on the investment performance of the Funds.

Health and Hospitals Fund (HHF)

HHF Financials at a glance
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 [External Site- PDF] for further information on the investment performance of the Funds.

Nation-building Funds Transfers

Building Australia Fund (BAF)

Transfers to the 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)

Transfers to the 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)

Transfers to the 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

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Contact for information on this page: FundsBranch@finance.gov.au