Timeline of the Future Fund
2002
May
Intergenerational Report is published.
2004
September
‘Investing for the Future’ Statement is released.
2005
May
Federal Government announces establishment of the Future Fund.
2006
March
The Future Fund Act 2006 receives Royal Assent.
April
Debt-Free Day speech. Inaugural Board of Guardians is appointed.
May
Investment Mandate issued.
November
The Future Fund is launched by the Hon Peter Costello
2007
May
Northern Trust is appointed as global custodian.
July
Higher Education Endowment Fund is established.
2008
May
Nation Building Fund is established (Building Australia Fund, Education Investment Fund, Health and Hospitals Fund).
July
DisabilityCare Australia Fund is established.
2014
June
Funds under management exceeds $100 billion.
2015
November
Medical Research Future Fund is established.
2017
May
Decision to postpone drawdowns from the Future Fund until at least 2026–27.
July
New Investment Mandate is issued for the Future Fund from 4.5–5.5% to 4.0–5.0%.
2019
February
Aboriginal and Torres Strait Islander Land and Sea Future Fund is established.
September
Future Drought Fund is established.
December
Emergency Response Fund is established.
2020
March
The COVID-19 pandemic arrives in Australia, leading to in-depth review of the investment strategy. Staff move to working from home.
2021
June
The Future Fund reaches $197 billion, tripling the original contributions from Government.
December
The Future Fund exceeds $200 billion.
2002
May
Intergenerational Report is published.
2004
September
‘Investing for the Future’ Statement is released.
2005
May
Federal Government announces establishment of the Future Fund.
2006
March
The Future Fund Act 2006 receives Royal Assent.
April
Debt-Free Day speech. Inaugural Board of Guardians is appointed.
May
Investment Mandate issued.
November
The Future Fund is launched by the Hon Peter Costello
2007
May
Northern Trust is appointed as global custodian.
2008
May
Nation Building Fund is established (Building Australia Fund, Education Investment Fund, Health and Hospitals Fund).
July
DisabilityCare Australia Fund is established.
2014
June
Funds under management exceeds $100 billion.
2015
November
Medical Research Future Fund is established.
2017
May
Decision to postpone drawdowns from the Future Fund until at least 2026–27.
July
New Investment Mandate is issued for the Future Fund from 4.5–5.5% to 4.0–5.0%.
2019
February
Aboriginal and Torres Strait Islander Land and Sea Future Fund is established.
September
Future Drought Fund is established.
December
Emergency Response Fund is established.
2020
March
The COVID-19 pandemic arrives in Australia, leading to in-depth review of the investment strategy. Staff move to working from home.
2021
June
The Future Fund reaches $197 billion, tripling the original contributions from Government.
December
The Future Fund exceeds $200 billion.