{"id":"F2006L01393","name":"Future Fund (Crediting of Initial Amount) Determination 2006","slug":"future-fund-crediting-of-initial-amount-determination-2006","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":58965,"registerId":"commonwealth-F2006L01393-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Future Fund (Crediting of Initial Amount) Determination 2006","content":"![](image.001.png)\n\nFuture Fund (Crediting of Initial Amount) Determination 20061\n\nFuture Fund Act 2006\n\nWE, PETER HOWARD COSTELLO, Treasurer, and NICHOLAS HUGH MINCHIN, Minister for Finance and Administration, the responsible Ministers within the meaning of section 5 of the Future Fund Act 2006, make this Determination under paragraph 2 (1) (a) of Schedule 1 to that Act.\n\nDated 3 May 2006\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 Initial Amount) Determination 2006.\n\n2 Commencement\n\nThis Determination commences on registration.\n\n3 Crediting of initial amount\n\nFor paragraph 2 (1) (a) of Schedule 1 to the Future Fund Act 2006, the amount of $18 billion is to be credited to the Fund Account on 5 May 2006.\n\n> Note\n\n> Note: 1. All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.frli.gov.au.\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 2 (4) of Schedule 1 to the Future Fund Act 2006.\n\n> Note: The Fund Account is the Future Fund Special Account established by section 12 of the Future Fund Act 2006.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1327},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The determination precisely fulfills its narrow original purpose under the Future Fund Act 2006: to specify the initial capital amount to be credited to establish the Fund. There is no expansion beyond this specific technical function of setting the opening balance."},"complexity_factors":["Only 3 short sections total","Single operative provision containing just one amount ($18 billion) and one date (5 May 2006)","No defined terms or interpretation section","No conditional logic, exceptions, or cross-references beyond the basic enabling power"],"plain_english_summary":"This determination made the **opening deposit** into Australia's sovereign wealth fund.\n\n**What it does**\nIt credits **$18 billion** into the newly created Future Fund's bank account (called the \"Fund Account\") on 5 May 2006.\n\n**Why it matters**\nThe **Future Fund** was established to save money today so the government can pay future superannuation (retirement) benefits owed to public servants. This $18 billion was the seed money that started the fund. Think of it as the first transfer into a national savings account that would grow over time through investments and additional contributions.\n\n**Who made it**\nThe Treasurer (Peter Costello) and the Minister for Finance (Nick Minchin) issued this instrument under powers granted by the Future Fund Act 2006."}},"importantCases":[],"_links":{"self":"/api/acts/future-fund-crediting-of-initial-amount-determination-2006","history":"/api/acts/future-fund-crediting-of-initial-amount-determination-2006/history","analysis":"/api/acts/future-fund-crediting-of-initial-amount-determination-2006/analysis","conflicts":"/api/acts/future-fund-crediting-of-initial-amount-determination-2006/conflicts","importantCases":"/api/acts/future-fund-crediting-of-initial-amount-determination-2006/important-cases","documents":"/api/acts/future-fund-crediting-of-initial-amount-determination-2006/documents"}}