Future Fund Management Agency Outcome 1
Strengthen the Commonwealth's financial position for the benefit of the Australian people, by managing the investment activities of the Future Fund and certain other Australian Government investment funds in line with their Investment Mandates.
| # | Program | Body | Contribution |
|---|---|---|---|
| 1.1 | Future Fund Management Agency Program 1.1 | Future Fund Management Agency | The FFMA supports the Board in investing to accumulate assets for the purpose of offsetting the unfunded superannuation liabilities of the Australian Government which will fall due on future generations |
| 1.2 | Future Fund Management Agency Program 1.2 | Future Fund Management Agency | The DisabilityCare Australia Fund Act 2013 established the DisabilityCare Australia Fund (DCAF) on 1 July 2014. The Medical Research Future Fund Act 2015 established the Medical Research Future Fund (MRFF) on 27 August 2015. The Aboriginal and Torres Strait Islander Land and Sea Future Fund Act 2018 established the Aboriginal and Torres Strait Islander Land and Sea Future Fund (ATSILSFF) on 1 February 2019. The Future Drought Fund Act 2019 established the Future Drought Fund on 1 September 2019. The Emergency Response Fund Act 2019 established the Emergency Response Fund on 12 December 2019. The role of the FFMA was extended to include supporting the Board in the investment of the assets of these funds |
| # | Program | Body | Contribution |
|---|---|---|---|
| 2.7 | Department of Finance Program 2.7 | Department of Finance | The Future Fund Management Agency works with the Department of Finance to ensure that the management of the Australian Government Investment Funds is consistent with the relevant legislation and investment mandates. |
| 2.8 | Department of Finance Program 2.8 | Department of Finance | The Future Fund Management Agency works with the Department of Finance to ensure that the management of the Australian Government Investment Funds is consistent with the relevant legislation and investment mandates. |
| Body | Outcome | Outcome owner | Contribution | |
|---|---|---|---|---|
| Future Fund Management Agency Program 1.1 | Future Fund Management Agency | Department of Finance Outcome 2 | Department of Finance | Finance works with the Commonwealth Superannuation Corporation to ensure that the management of public sector superannuation is consistent with legislative obligations. Finance works with the Future Fund Management Agency to ensure that the management of the Future Fund and the Australian Government Investment Funds is consistent with legislation and maximises returns to taxpayers. |
| Future Fund Management Agency Program 1.1 | Future Fund Management Agency | Department of Finance Outcome 2 | Department of Finance | Finance works with the Commonwealth Superannuation Corporation to ensure that the |
| Future Fund Management Agency Program 1.2 | Future Fund Management Agency | Department of Finance Outcome 2 | Department of Finance | Finance works with the Commonwealth Superannuation Corporation to ensure that the management of public sector superannuation is consistent with legislative obligations. Finance works with the Future Fund Management Agency to ensure that the management of the Future Fund and the Australian Government Investment Funds is consistent with legislation and maximises returns to taxpayers. |
| Future Fund Management Agency Program 1.2 | Future Fund Management Agency | Department of Finance Outcome 2 | Department of Finance | Finance works with the Commonwealth Superannuation Corporation to ensure that the |
| Appropriation | Appropriation subtype | 2023-24 | 2022-23 | |
|---|---|---|---|---|
| Budget Estimate | Estimated Actual | Budget Estimate | ||
| Special Accounts | 603,354,000.00 | 457,950,000.00 | 545,394,000.00 | |
| Administered | Non-operating | 0.00 | 0.00 | 0.00 |
| Administered | Operating | 0.00 | 0.00 | 0.00 |
| Administered | Special Appropriation | 0.00 | 0.00 | 0.00 |
| Administered | Special Purpose Payments | 0.00 | 0.00 | 0.00 |
| Administered | Assets and Liabilities | 0.00 | 0.00 | 0.00 |
| Administered | Subtotal | 0.00 | 0.00 | 0.00 |
| Departmental | External Revenue | 0.00 | 0.00 | 0.00 |
| Departmental | Non-operating | 0.00 | 0.00 | 0.00 |
| Departmental | Operating | 0.00 | 0.00 | 0.00 |
| Departmental | Special Appropriation | 0.00 | 0.00 | 0.00 |
| Departmental | Equity Injections | 0.00 | 0.00 | 0.00 |
| Departmental | Subtotal | 0.00 | 0.00 | 0.00 |
| Total | 603,354,000.00 | 457,950,000.00 | 545,394,000.00 | |