Document ID: chunk:federal_register_of_legislation:C2023C00441:section:33
Version: federal_register_of_legislation:C2023C00441
Segment Type: section
Provision Reference: s 33
Character Range: 40630–41509

33  Simplified outline
  The following is a simplified outline of this Part:

         • This Part establishes the Future Fund Board of Guardians.
         • The Future Fund Board of Guardians is responsible for deciding how to invest the Future Fund.
         • The Board consists of a Chair and 6 other members.
         • An asset held by the Board is held for and on behalf of the Commonwealth.
         • Board members must act in good faith.
Note: The Future Fund Board of Guardians has additional functions under the Future Drought Fund Act 2019, the DisabilityCare Australia Fund Act 2013, the Disaster Ready Fund Act 2019, the Housing Australia Future Fund Act 2023, the Medical Research Future Fund Act 2015 and the Aboriginal and Torres Strait Islander Land and Sea Future Fund Act 2018.

Division 2—Establishment and functions of the Future Fund Board of Guardians