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Submitted by Richard_Li on Wed, 09/14/2022 - 21:16
Aliases
Future Fund Management Agency
Portfolio

Lead Body
No
Employment Arrangements
Enabling legislation

Section 35 of the PGPA Act applies
Yes
Section 35(3) of the PGPA Act applies
Yes

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 Management of the Investment of the Future Fund 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 Management of the Investment of the Australian Government Investment Funds 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 Public Sector Superannuation 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 Australian Government Investment Funds 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.