{"id":"F2007L02698","name":"Future Fund (Crediting of Additional Amounts) Determination 2007 (No. 3)","slug":"future-fund-crediting-of-additional-amounts-determination-2007-no-3","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":68616,"registerId":"commonwealth-F2007L02698-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Future Fund (Crediting of Additional Amounts) Determination 2007 (No. 3)","content":"![](image.001.png)\n\nFuture Fund (Crediting of Additional Amounts) Determination 2007 (No. 3)\n\nFuture Fund Act 2006\n\nWe, PETER HOWARD COSTELLO, Treasurer, and NICHOLAS HUGH MINCHIN, Minister for Finance and Administration, make this Determination under paragraph 3 (1) (a) and subparagraph 3 (2) (a) (i) of Schedule 1 to the Future Fund Act 2006.\n\nDated 23 August 2007\n\nPETER COSTELLO NICK MINCHIN\n\nTreasurer Minister for Finance and Administration\n\n1 Name of Determination\n\nThis Determination is the Future Fund (Crediting of Additional Amounts) Determination 2007 (No. 3).\n\n2 Commencement\n\nThis Determination commences on the day on which it is registered.\n\n> Note Section 42 of the Legislative Instruments Act 2003 (which deals with disallowance of legislative instruments) does not apply to this instrument: see subclause 3 (5) of Schedule 1 to the Future Fund Act 2006.\n\n3 Crediting of additional amounts\n\nFor paragraph 3 (1) (a) of Schedule 1 to the Future Fund Act 2006, $7 000 000 000 is to be credited to the Fund Account on 24 August 2007.\n\n> Note The Fund Account is the Future Fund Special Account established by section 12 of the Future Fund Act 2006.\n\n4 Balance day\n\nFor subparagraph 3 (2) (a) (i) of Schedule 1 to the Future Fund Act 2006, the balance day for this Determination is 20 August 2007.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2498},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The determination operates strictly within the bounds of the Future Fund Act 2006, performing the exact function authorised: specifying the amount ($7 billion), the credit date (24 August 2007), and the balance day (20 August 2007) for a contribution to the Fund. No expansion of scope has occurred."},"complexity_factors":["Extremely short length (only 4 sections, approximately 150 words)","No defined terms or interpretation section","Single operative provision with straightforward directive and no conditions, exceptions, or nested logic","Minimal cross-referencing (only to specific provisions of the enabling Act)"],"plain_english_summary":"**What this does**\n\nThis determination directs **$7 billion** to be deposited into Australia's **Future Fund** (a government-owned investment fund) on **24 August 2007**.\n\n**Who is affected**\n\n*   **The Australian Government**: Specifically the Future Fund, which holds investments to cover future superannuation (retirement) payments for public servants\n*   **Taxpayers**: The $7 billion comes from government revenue, setting this money aside for future generations rather than immediate spending\n\n**Key details**\n\n*   Sets the **balance day** (the reference date used to calculate adjustments to the credit) as **20 August 2007**\n*   Made by the Treasurer and Minister for Finance under the *Future Fund Act 2006*\n\n**Why it matters**\n\nThis injects a significant amount ($7 billion) into Australia's long-term savings vehicle. The Future Fund was created to help pay for unfunded public sector superannuation liabilities coming due in future decades, reducing the financial burden on future taxpayers."}},"importantCases":[],"_links":{"self":"/api/acts/future-fund-crediting-of-additional-amounts-determination-2007-no-3","history":"/api/acts/future-fund-crediting-of-additional-amounts-determination-2007-no-3/history","analysis":"/api/acts/future-fund-crediting-of-additional-amounts-determination-2007-no-3/analysis","conflicts":"/api/acts/future-fund-crediting-of-additional-amounts-determination-2007-no-3/conflicts","importantCases":"/api/acts/future-fund-crediting-of-additional-amounts-determination-2007-no-3/important-cases","documents":"/api/acts/future-fund-crediting-of-additional-amounts-determination-2007-no-3/documents"}}