The Nation-building Funds (NBF) were established on 1 January 2009 by the Nation-building Funds Act 2008 (NBF Act) to provide financing to critical areas of infrastructure. The NBF Act established:
- the Building Australia Fund (BAF) to support the creation or development of infrastructure in the areas of transport, communications, eligible national broadband network matters, energy and water;
- the Education Investment Fund (EIF) to facilitate the creation or development of infrastructure in the areas of higher education, research, vocational education and training, and other eligible education; and.
- the Health and Hospitals Fund (HHF) to support capital investment in health infrastructure.
The NBF Act was repealed on 12 December 2019 with the balance of the EIF transferred to the Emergency Response Fund. The BAF was closed on 1 September 2019 and its balance transferred to the Future Drought Fund. The HHF was closed on 29 October 2015 and the balance transferred to the Medical Research Future Fund.
Disbursements (Debits) from the Nation-building Funds
A list of approved Nation-building Funds projects can be found in the following documents. Queries regarding approved projects from any of the Nation-building Funds should be directed to the relevant portfolio agency.