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Treasury & financeStatutory authorityExists today

Future Fund Board of Guardians

2006 – present

Body corporate responsible for investing the Future Fund and the Commonwealth's other public asset funds, supported by the Future Fund Management Agency.

How it came into existence

Established by the Future Fund Act 2006 to invest the Future Fund, created to meet the Commonwealth's unfunded public sector superannuation liabilities from budget surpluses and asset sale proceeds. The function was new.

Legislation: Future Fund Act 2006

Changes during its life

  1. 2009Took on investment of the Building Australia Fund, Education Investment Fund and Health and Hospitals Fund under the Nation-building Funds Act 2008.
  2. 2014Took on investment of the DisabilityCare Australia Fund.
  3. 2015Took on investment of the Medical Research Future Fund.
  4. 2019Took on investment of the Aboriginal and Torres Strait Islander Land and Sea Future Fund, the Future Drought Fund and the Emergency Response Fund.
  5. 2023Took on investment of the Housing Australia Future Fund.

Main functions

  • Investment of the Future Fund
  • Investment of the Medical Research Future Fund
  • Investment of the DisabilityCare Australia Fund and other special funds
  • Investment of the Housing Australia Future Fund

Where it sits

In the portfolio of Department of Finance.

Lineage

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Sources

Primary sources

Government records and websites

Some dates or links for this organisation are not fully confirmed. Corrections are welcome.