Department of Finance

The Administrative Arrangements Order [External Site] (AAO) assigns the Department of Finance (Finance) with responsibility for the administration of the Future Fund Act 2006, the Nation-building Funds Act 2008 and the DisabilityCare Australia Fund Act 2013 External Site.  These responsibilities primarily reside within the Funds and Actuarial Branch, which is part of Funds and Superannuation Division within the Governance & APS Transformation.

Finance provides the Minister for Finance with advice on policy, legislative and governance matters relating to the Future Fund, the Nation-building Funds and the DisabilityCare Australia Fund (which is established from 1 July 2014), including advice on the Investment Mandates.  Finance also advises the Minister on investment performance, board appointments, and transfers to, or from, the Funds.  Advice is also given on issues that may affect Australia's reputation:

  • in international financial markets;
  • on overseas sovereign wealth funds; and
  • on international best-practice for institutional investment.

The Funds and Actuarial Branch also facilitates the authorisation and processing of payments from the
Nation-building Funds for agreed infrastructure projects once the relevant legislative and policy requirements have been met.

As the Treasurer, along with the Minister for Finance, is a designated "responsible Minister" under the Future Fund Act, the Department of the Treasury also has certain policy responsibilities.

 

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Contact information on this page: Funds and Actuarial Branch

Last updated: 11 August 2016