Commonwealth Consolidated Acts

HOUSING AUSTRALIA FUTURE FUND ACT 2023

TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARY

   1.      Short title  
   2.      Commencement  
   2A.     Object  
   3.      Simplified outline of this Act  
   4.      Definitions  
   5.      Crown to be bound  
   6.      Extension to external Territories  
   7.      Extra - territorial application  

   PART 2--HOUSING--AUSTRALIA FUTURE FUND

           Division 1--Introduction

   8.      Simplified outline of this Part  

           Division 2--Establishment of the Housing Australia Future Fund and the Housing Australia Future Fund Special Account

   9.      Establishment of the Housing Australia Future Fund  
   10.     Establishment of the Housing Australia Future Fund Special Account  

           Division 3--Credits of amounts to the Housing Australia Future Fund Special Account

   11.     Credits of amounts  

           Division 4--Debits of amounts from the Housing Australia Future Fund

   12.     Main purposes of the Housing Australia Future Fund Special Account  
   13.     Purposes of the Housing Australia Future Fund Special Account--purposes related exclusively to the investments etc. of the Housing Australia Future Fund  
   14.     Purposes of the Housing Australia Future Fund Special Account--purposes not related exclusively to the Housing Australia Future Fund  
   15.     Future Fund Board must ensure that the balance of the Housing Australia Future Fund Special Account is sufficient to cover authorised debits etc.  
   16.     Transfers from the Housing Australia Future Fund to the Future Fund  

   PART 3--GRANTS

           Division 1--Introduction

   17.     Simplified outline of this Part  

           Division 2--Grants

   18.     Grants  
   19.     Terms and conditions of grants  
   20.     Designated Minister has powers etc. of the Commonwealth  
   21.     Conferral of powers on a designated Minister  
   22.     Constitutional limits--grants to persons or bodies other than a State or Territory  
   23.     Executive power of the Commonwealth  
   24.     Publication of information relating to grants  

           Division 3--Housing Australia Future Fund Payments Special Account

   25.     Housing Australia Future Fund Payments Special Account  
   26.     Transfers from the Housing Australia Future Fund Special Account to the Housing Australia Future Fund Payments Special Account  
   27.     Other credits to the Housing Australia Future Fund Payments Special Account  
   28.     Purpose of the Housing Australia Future Fund Payments Special Account  

           Division 4--Channelling State/Territory grants through the Federation Reform Fund

   29.     Channelling State/Territory grants through the Federation Reform Fund  
   30.     Debits from the Federation Reform Fund  
   31.     Other credits to the Housing Australia Future Fund Special Account  

   PART 4--TRANSFERS--FROM THE HOUSING AUSTRALIA FUTURE FUND SPECIAL ACCOUNT TO THE HOUSING AUSTRALIA SPECIAL ACCOUNT

   32.     Simplified outline of this Part  
   33.     Requested transfers from the Housing Australia Future Fund Special Account to the Housing Australia Special Account  
   33A.    Guaranteed transfers from the Housing Australia Future Fund Special Account to the Housing Australia Special Account  
   33B.    Meaning of designated annual amount  
   33C.    Determination of designated annual amount  
   33D.    Determination of designated annual amount--advice given by the Future Fund Board  
   33E.    Indexation of designated annual amount  
   34.     Debits from the Housing Australia Special Account  

   PART 5--LIMIT--ON AMOUNTS DEBITED FROM THE HOUSING AUSTRALIA FUTURE FUND SPECIAL ACCOUNT

   35.     Simplified outline of this Part  
   36.     Limit on amounts debited from the Housing Australia Future Fund Special Account  

   PART 6--INVESTMENT--OF THE HOUSING AUSTRALIA FUTURE FUND

   37.     Simplified outline of this Part  
   38.     Objects of investment of the Housing Australia Future Fund  
   39.     Investment of the Housing Australia Future Fund  
   40.     Management of investments of the Housing Australia Future Fund  
   41.     Housing Australia Future Fund Investment Mandate  
   42.     Obligation on Future Fund Board in performing investment functions  
   43.     Limitation on Housing Australia Future Fund Investment Mandate  
   44.     Future Fund Board to be consulted on Housing Australia Future Fund Investment Mandate  
   45.     Compliance with Housing Australia Future Fund Investment Mandate  
   46.     Future Fund Board must not trigger the takeover provisions of the Corporations Act 2001  
   47.     Borrowing  
   48.     Housing Australia Future Fund investment policies  
   49.     Derivatives  
   50.     Additional financial assets  
   51.     Securities lending arrangements  
   52.     Investment managers  
   53.     Refund of franking credits  
   54.     Realisation of non - financial assets  
   55.     Additional function of the Future Fund Board  

   PART 7--REPORTING--OBLIGATIONS ETC.

   56.     Simplified outline of this Part  
   57.     Finance Minister may require Future Fund Board to prepare reports or give information  
   58.     Keeping the responsible Ministers informed etc.  
   59.     Finance Minister may give reports, documents and other information to other Ministers  

   PART 8--MISCELLANEOUS

   60.     Simplified outline of this Part  
   61.     Delegation by the Finance Minister  
   62.     Delegation by the Treasurer  
   63.     Delegation by a designated Minister  
   64.     Delegation by the Housing Minister  
   65.     Reviews of operation of Act  
   66.     Rules