About the Future Fund
The Future Fund was established by the Future Fund Act 2006 to assist future Australian governments meet the cost of public sector superannuation liabilities by delivering investment returns on contributions to the Fund. Investment of the assets of the Future Fund is the responsibility of the Future Fund Board of Guardians.
Under the Higher Education Endowment Fund Act 2007, the Future Fund Board of Guardians also has responsibility for investing the assets of the Higher Education Endowment Fund (HEEF). The objective of the HEEF is to support capital expenditure and research facilities in Australian universities. This support will be provided by the dividends on the capital invested in the HEEF, not the capital investments.
Distribution of HEEF dividends is the responsibility of the Minister for Education Science and Training, who will receive advice from the HEEF Advisory Board.
Page Last Updated:
23 November 2007