Document ID: chunk:federal_register_of_legislation:C2023C00441:front:0:p1
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Future Fund Act 2006

No. 12, 2006

Compilation No. 18

Compilation date: 1 November 2023

Includes amendments up to: Act No. 81, 2023

Registered: 27 November 2023

About this compilation

This compilation

This is a compilation of the Future Fund Act 2006 that shows the text of the law as amended and in force on 1 November 2023 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
Part 1—Introduction
1 Short title
2 Commencement
3 Object
4 Simplified outline
5 Definitions
6 Financial assets
7 Crown to be bound
8 Extension to external Territories
9 Extra‑territorial application
Part 2—The Future Fund
10 Simplified outline
11 Establishment of the Future Fund
12 Establishment of the Future Fund Special Account
13 Operation of the Future Fund
Part 3—Investment of the Future Fund
14 Simplified outline
15 Objects of investment of the Fund
16 Investment of the Fund
17 Management of investments of the Fund
18 Future Fund Investment Mandate
18A Limitation on Future Fund Investment Mandate
19 Board to be consulted on Future Fund Investment Mandate
20 Compliance with Future Fund Investment Mandate
21 Board must not trigger the takeover provisions of the Corporations Act 2001
23 Borrowing
24 Investment policies
25 Derivatives
26 Additional financial assets
27 Securities lending arrangements
28 Investment managers
30 Refund of franking credits
32 Realisation of non‑financial assets
Part 4—The Future Fund Board of Guardians