Future Fund (Investment Funds Periodic Investment Report) Rules 2023
I, Katy Gallagher, Minister for Finance, make the following rules.
Dated 23 September 2023
Katy Gallagher
Minister for Finance
Contents
1 Name
2 Commencement
3 Authority
4 Definitions
5 Periodic investment reports
Schedule 1—Tables for periodic investment reporting
1 Table 1—Investments other than derivatives
2 Table 2—Derivatives by kind of derivative
3 Table 3—Derivatives by asset class
4 Table 4—Derivatives by currency
1 Name
This instrument is the Future Fund (Investment Funds Periodic Investment Report) Rules 2023.
2 Commencement
(1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
Commencement information
Column 1 Column 2 Column 3
Provisions Commencement Date/Details
The whole of this instrument The day after this instrument is registered. 5 October 2023
Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.
(2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.
3 Authority
This instrument is made under the Future Fund Act 2006.
4 Definitions
In this instrument:
Act means the Future Fund Act 2006.
associated entity has the same meaning as in the Corporations Act 2001.
5 Periodic investment reports
(1) For the purposes of subsection 55A(1) of the Act, the Board must:
(a) prepare a periodic investment report referred to in that subsection for each reporting day in accordance with this section; and
(b) make the report available on the internet as soon as practicable after the end of the 90 days after the reporting day.
(2) For the purposes of paragraph 55A(1)(b) of the Act, the publication period referred to in that paragraph is the period:
(a) beginning:
(i) if the periodic investment report is made available on the internet in accordance with paragraph (1)(b) of this section—on the day it is made available; or
(ii) if the periodic investment report is made available on the internet earlier in accordance with subsection (3) of this section—the day after the end of the 90 day period referred to in that subsection; and
(b) ending on the day the periodic investment report for the subsequent reporting day is made available on the internet in accordance with paragraph (1)(b) or subsection (3) of this section.
(3) Subsection (1) does not prevent the Board, in accordance with subsection 55A(3) of the Act, from making a periodic investment report available on the internet earlier than 90 days after the reporting day to which the report relates.
(4) For the purposes of paragraph 55A(4)(b) and subsection 55A(5) of the Act, in a periodic investment report for a reporting day the Board must:
(a) include information relating to investments held by, or on behalf of, the Board, for each fund that is referred to in section 81 of the Act at the end of the reporting day; and
(b) set out the information relating to the investments separately for each fund in a way that:
(i) is consistent with the tables in Schedule 1 to these Rules; and
(ii) is easily downloadable and readable; and
(iii) is in one or more formats, with at least one of those formats being a delimited file format.
(5) For the purposes of paragraph (4)(b) of this section, when setting out the information relating to a kind of investment in a way that is consistent with the tables in Schedule 1, the tables used for that kind of investment may have a different number of rows or columns from those in the tables in that Schedule.
(6) Paragraph (4)(b) of this section does not prevent the information relating to a kind of investment from being expressed in a table that:
(a) deals only with that kind of investment; and
(b) makes use of one or more subsidiary tables;
if all of the information referred to in Schedule 1 is readily accessible from that combination of tables.
(7) For the purposes of subsection 55A(6) of the Act, each of the following that occurs on or after the commencement of this section is a reporting day referred to in that subsection:
(a) 30 June each year;
(b) 31 December each year.
Schedule 1—Tables for periodic investment reporting
Note: See subsection 5(4).
1 Table 1—Investments other than derivatives
Portfolio Holdings Information for [Name of Fund]—Investments other than derivatives Summary
Cash
Name of Institution Currency Value (AUD) Weighting (%)
Individual investment names not required to be disclosed.Only disclose the name of the relevant institution for the investment. Values and weighting for individual investments not disclosed. Only disclose total values and weighting for the investment aggregated by the institution.
Total
Fixed IncomeHeld directly or by associated entitiesInternally managed
Name of Issuer / Counterparty Value (AUD) Weighting (%)
Individual investment names not required to be disclosed.Only disclose the name of the issuer / counterparty for the investment. Values and weighting for individual investments not disclosed. Only disclose total values and weighting aggregated by the issuer or counterparty of the investment.
Total
Fixed IncomeInvestment in non‑associated entities;Held directly or by associated entitiesExternally managed
Name of Investment Manager Value (AUD) Weighting (%)
Individual investment names not required to be disclosed.Only disclose the name of the investment manager responsible for managing the investment. Values and weightings for individual investments not disclosed. Only disclose total values and weighting aggregated by the investment manager responsible for managing the investment.
Total
Listed Equity
Name/kind of investment item Security Identifier Units held Value (AUD) Weighting (%)
Total
Unlisted EquityHeld directly or by associated entitiesInternally managed
Name/kind of investment item % Ownership Value (AUD) Weighting (%)
Values and weighting for individual investments not disclosed. Only disclose total value and weighting.
Total
Unlisted EquityInvestment in non‑associated entities;Held directly or by associated entitiesExternally managed
Name of Investment Manager Value (AUD) Weighting (%)
Individual investment names not required to be disclosed.Only disclose the name of the investment manager responsible for managing the investment Values and weightings for individual investments not disclosed. Only disclose total values and weighting aggregated by the investment manager responsible for managing the investments.
Total
Listed Property
Name/kind of investment item Security Identifier Units held Value (AUD) Weighting (%)
Total
Unlisted PropertyHeld directly or by associated entitiesInternally managed
Name/kind of investment item Address % of property held Value (AUD) Weighting (%)
Values and weighting for individual investments not disclosed. Only disclose total value and weighting.
Total
Unlisted PropertyInvestment in non‑associated entities;Held directly or by associated entitiesExternally managed
Name of Investment Manager Value (AUD) Weighting (%)
Individual investment names not required to be disclosed.Only disclose the name of the investment manager responsible for managing the investment. Values and weightings for individual investments not disclosed. Only disclose total values and weighting aggregated by the investment manager responsible for managing the investments.
Total
Listed Infrastructure
Name/kind of investment item Security Identifier Units held Value (AUD) Weighting (%)
Total
Unlisted InfrastructureHeld directly or by associated entitiesInternally managed
Name/kind of investment item % Ownership Value (AUD) Weighting (%)
Value and weighting for individual investments not disclosed. Only disclose total value and weighting.
Total
Unlisted InfrastructureInvestment in non‑associated entities;Held directly or by associated entitiesExternally managed
Name of Investment Manager Value (AUD) Weighting (%)
Individual investment names not required to be disclosed.Only disclose the name of the investment manager responsible for managing the investment Values and weightings for individual investments not disclosed. Only disclose total values and weighting aggregated by the investment manager responsible for managing the investments.
Total
Listed Alternatives
Name/kind of investment item Security Identifier Units held Value (AUD) Weighting (%)
Total
Unlisted AlternativesHeld directly or by associated entitiesInternally managed
Name/kind of investment item Value (AUD) Weighting (%)
Value and weighting for individual investments not disclosed. Only disclose total value and weighting.
Total
Unlisted AlternativesInvestment in non‑associated entities;Held directly or by associated entitiesExternally managed
Name of Investment Manager Value (AUD) Weighting (%)
Individual investment names not required to be disclosed.Only disclose the name of the investment manager responsible for managing the investment. Values and weightings for individual investments not disclosed. Only disclose total values and weighting aggregated by the investment manager responsible for managing the investments.
Total
Total Investment Items
2 Table 2—Derivatives by kind of derivative
Portfolio Holdings Information for [Name of Fund]—Derivatives
Kind of derivative Value Weighting
Swaps Values and weighting for individual derivatives not disclosed. Only disclose total values and weighting for this kind of derivative.
Forwards Values and weighting for individual derivatives not disclosed. Only disclose total values and weighting for this kind of derivative.
Futures Values and weighting for individual derivatives not disclosed. Only disclose total values and weighting for this kind of derivative.
Options Values and weighting for individual derivatives not disclosed. Only disclose total values and weighting for this kind of derivative.
Total
3 Table 3—Derivatives by asset class
Portfolio Holdings Information for [Name of Fund]—Derivatives by asset class
Asset class Actual asset allocation (% of total investments (including derivatives)) Effect of derivatives exposure (% of total investments (including derivatives))
Cash
Fixed Income
Equities
Property
Infrastructure
Alternatives
Total
4 Table 4—Derivatives by currency
Portfolio Holdings Information for [Name of Fund]—Derivatives by currency
Currency exposure Actual currency exposure (% of investments (including derivatives)) Effect of derivatives exposure (% of investments (including derivatives))