•   The Housing Australia Future Fund consists of:

  (a)   the Housing Australia Future Fund Special Account; and

  (b)   the investments of the Housing Australia Future Fund.

•   $10 billion is to be credited to the Housing Australia Future Fund Special Account.

•   The responsible Ministers may determine that additional amounts be credited to the Housing Australia Future Fund Special Account.

•   Each of the following is a purpose of the Housing Australia Future Fund Special Account:

  (a)   to transfer amounts to the Housing Australia Future Fund Payments Special Account for the purposes of making grants in relation to acute housing needs;

  (b)   to transfer amounts to the Federation Reform Fund for the purposes of making grants to the States and Territories in relation to acute housing needs, social housing or affordable housing;

  (c)   to transfer amounts to the Housing Australia Special Account for the purposes of enabling Housing Australia to make grants and loans in relation to acute housing needs, social housing or affordable housing.

•   The Housing Australia Future Fund Special Account can be debited in relation to costs and other obligations incurred by the Future Fund Board in managing the Housing Australia Future Fund.