Future Fund Board of Guardians

The Future Fund Board of Guardians (Future Fund Board) is a body corporate with responsibility for managing the investments of the Australian Government investment funds.

The Future Fund Board makes its investment decisions (based on its Investment Policies) independent of the Government and holds the funds’ investments in its own name, however, the Commonwealth retains ownership of the funds at all times.

Appointment and membership

The Future Fund Board consists of a Chair and six other members, who are appointed by the responsible Ministers on a part-time basis for a maximum term of five years with the possibility of re-appointment. The Remuneration Tribunal sets the Future Fund Board members’ remuneration.

Section 38 of the Future Fund Act 2006 specifies that Future Fund Board members are to have: substantial experience or expertise; and professional credibility and significant standing; in at least one of the following fields:

a) investing in financial assets;
b) the management of investments in financial assets; or
c) corporate governance.

Statement of Expectation and Statement of Intent

The responsible Ministers have presented the Future Fund Board with a new Statement of Expectations that articulates the Government’s expectations with respect to the Future Fund Board’s operations and standards of corporate governance. In response, the Future Fund Board and the Future Fund Management Agency have provided a framework for meeting the Government’s expectations in the Statement of Intent.

Members of the Future Fund Board of Guardians

_{*excluding period as Acting Chair.}

For more information, refer to the Future Fund website.