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 Fund Medical Research Future Fund DisabilityCare Australia Fund Future Drought Fund Emergency Response Fund Aboriginal and Torres Strait Islander Land and Sea Future Fund
Purpose To 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 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 $200 million in any given year to fund emergency response and natural disaster recovery and preparedness. To support the Government making annual and discretionary payments to the Indigenous Land and Sea Corporation.
Established 3 April 2006 26 August 2015 1 July 2014 1 September 2019 TBC 1 February 2019
Value as at
30 Sept 2019
($ 'billions)
165.7 17.6 16.6 4.0   2.0
Legislation Future Fund Act 2006  Medical Research Future Fund Act 2015  DisabilityCare Australia Fund Act 2013  Future Drought Fund Act 2019 Emergency Response Fund Bill 2019 Aboriginal and Torres Strait Islander Land and Sea Future Fund Act 2018 
Agency responsibility
(Investments)
Future Fund Management Agency Future Fund Management Agency Future Fund Management Agency Future Fund Management Agency Future Fund Management Agency Future Fund Management Agency
Agency responsibility
(Financial reporting)
Future Fund Management Agency Department of Finance Department of Finance Department of Finance Department of Finance Department of Finance

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