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 | Housing Australia Future Fund | DisabilityCare Australia Fund | Future Drought Fund | Disaster Ready 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 provide additional funding to provide support to increase the availability of social housing and affordable housing, as well as other acute housing needs. | 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 $200 million in any given year to fund natural disaster resilience and risk reduction from 2023-24 onwards. | To support the Government making annual and discretionary payments to the Indigenous Land and Sea Corporation. |
| Established | 3 April 2006 | 26 August 2015 | 1 November 20231 | 1 July 2014 | 1 September 2019 | 12 December 2019 | 1 February 2019 |
| Value as at 31 March 2024 ($ 'billions) | 223.4 | 23.0 | 10.3 | 16.8 | 4.8 | 4.6 | 2.2 |
| Legislation | Future Fund Act 2006 | Medical Research Future Fund Act 2015 | Housing Australia Future Fund Act 2023 | DisabilityCare Australia Fund Act 2013 | Future Drought Fund Act 2019 | Disaster Ready Fund Act 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 | 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 | Department of Finance |
1. The Emergency Response Fund was renamed Disaster Ready Fund on 1 March 2023.
