Investment funds Overview

The following Australian Government investment funds are managed by the Future Fund Board of Guardians (Future Fund Board). 

The Finance Minister and Treasurer have the joint power, which may include to: issue an Investment Mandate for each fund, credit amounts to the fund, and arrange for debits through the relevant Special Account.

The relevant legislation and the Administrative Arrangements Order sets the governance arrangements as summarised in the table below:

 Future FundMedical Research Future FundHousing Australia Future FundDisabilityCare Australia FundFuture Drought FundDisaster Ready FundAboriginal and Torres Strait Islander Land and Sea Future Fund
PurposeTo assist the Government to meet unfunded superannuation liabilities that will become payable during a period when an ageing population is likely to place significant pressure on the Commonwealth's finances.To provide grants of financial assistance to support medical research and medical innovation.To provide additional funding to provide support to increase the availability of social housing and affordable housing, as well as other acute housing needs. To enhance the Commonwealth's ability to reimburse State and Territory, and Commonwealth Governments for expenditure relating to the National Disability Insurance Scheme.To provide a secure revenue stream to fund initiatives that enhance future drought resilience, preparedness and response across Australia.To allow government to draw up to $200 million in any given year to fund natural disaster resilience and risk reduction from 2023-24 onwards.To support the Government making annual and discretionary payments to the Indigenous Land and Sea Corporation.
Established3 April 200626 August 20151 November 20231 July 20141 September 201912 December 20191 February 2019
Value as at
30 September 2023
($ 'billions)
205.222.010.0 (1 November 2023)*16.94.54.52.1
LegislationFuture Fund Act 2006 Medical Research Future Fund Act 2015 Housing Australia Future Fund Act 2023 DisabilityCare Australia Fund Act 2013 Future Drought Fund Act 2019Disaster Ready Fund Act 2019Aboriginal and Torres Strait Islander Land and Sea Future Fund Act 2018 
Agency responsibility
(Investments)
Future Fund Management AgencyFuture Fund Management AgencyFuture Fund Management AgencyFuture Fund Management AgencyFuture Fund Management AgencyFuture Fund Management AgencyFuture Fund Management Agency
Agency responsibility
(Financial reporting)
Future Fund Management AgencyDepartment of FinanceDepartment of FinanceDepartment of FinanceDepartment of FinanceDepartment of FinanceDepartment of Finance

* The Housing Australia Future Fund was credited with $10 billion on 1 November 2023.


Did you find this content useful?