Future Fund
The Future Fund is a financial asset fund - consisting of cash and investments. Its purpose is to meet unfunded superannuation liabilities that will become payable during a period when an ageing population is likely to place significant pressure on Commonwealth finances.
Withdrawals from the Future Fund to pay superannuation benefits may only occur once the superannuation liability is fully offset or from 1 July 2020, whichever is earlier. In addition, expenses associated with the investment and administration of the Future Fund may be drawn from the Future Fund throughout its existence.
The Future Fund Act 2006 [
] (the Act) established the Future Fund, the Future Fund Board of Guardians [] (the Board) and the Future Fund Management Agency [] (the Agency). The Board is responsible for the investment decisions of the Future Fund and is accountable to the Government for the safekeeping and performance of the assets of the Future Fund. The Board is supported in its functions by the Agency, which is a prescribed agency for the purposes of the Financial Management and Accountability Act 1997.
Contact
Department of Finance and Deregulation
Funds Branch
Email: FundsBranch@finance.gov.au
Links
Future Fund Board of Guardians and Future Fund Management Agency
Contact for information on this page: FundsBranch@finance.gov.au