Commonwealth Consolidated Acts

FUTURE FUND ACT 2006 - SECT 85

    The Governor - General may make regulations prescribing matters:

  (a)   required or permitted to be prescribed by this Act; or

  (b)   necessary or convenient to be prescribed for carrying out or giving effect to this Act.

•   This Act sets up the Future Fund.

•   The Future Fund Board of Guardians is responsible for deciding how to invest the Future Fund.

•   Investments of the Future Fund will consist of financial assets.

•   The Board is bound by a Future Fund Investment Mandate given to it by the responsible Ministers.

•   The Future Fund Management Agency is responsible for assisting and advising the Board.

•   This Part sets up the Future Fund.

•   The Future Fund consists of the Future Fund Special Account and the investments of the Future Fund.

•   The Future Fund Board of Guardians is responsible for deciding how to invest the Future Fund.

•   Investments of the Future Fund will consist of financial assets.

•   Investments of the Future Fund will be held in the name of the Board.

•   The Board is bound by a Future Fund Investment Mandate given to it by the responsible Ministers.

•   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.

•   This Part establishes the Future Fund Management Agency.

•   The Agency is responsible for assisting and advising the Board.