Assets under management: US$66.7bn² (AUS$69.3bn)
 Founded: 2006
 Headquarters: Melbourne, Australia
 Origin: Budget surpluses
 Website: http://www.futurefund.gov.au
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Australian Government Future Fund

Fund details

Manages the budget surpluses to assist future Australian governments meet the cost of public sector superannuation liabilities by delivering investment returns on contributions to the Fund.  

Supervised by an independent Board of Guardians. 

Provides detailed annual reports and portfolio updates.

The aim of the fund is to hold AUD $140 billion by 2020; this figure would free up AUD $7 billion in superannuation payments each year from the federal budget.

In the 2008/9 Australian Government Budget, it was announced that the Future Fund Board of Guardians will be managing the three new funds announced by the Government¹:
  • Building Australia Fund -to finance critical national transport and communications infrastructure, including roads, rail, ports and broadband, that is not being provided by the private sector or the States.
    Initial allocation AUD $20 billion.

  • Health and Hospitals Fund - to finance finance health infrastructure, including spending on hospitals, medical equipments,  medical research facilities and projects.
    Initial allocation  AUD $10 billion.

  • Education Investment Fund - to finance capital investment in higher education and vocational education and training.
    Initial allocation AUD $11 billion
    (includes AUD $6 billion from the Higher Education Endowment Fund).


Location
Future Fund Management Agency
Locked Bag 20010
Melbourne VIC 3001

References
1. Budget Speech 2008/09 - Investing in the future,  2008-09 Commonwealth Budget 
2. Portfolio update at 30 September 2010, Future Fund Home Page, October 29, 2010


Last Updated: 01.12.2010

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