Future Fund (Investment Funds Periodic Investment Report) Rules 2023 (Cth)

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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

1Name

This instrument is the Future Fund (Investment Funds Periodic Investment Report) Rules 2023.

2Commencement
  1. (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

1.

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Note: This table relates only to the provisions of this instrument as originally made.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.

3Authority

This instrument is made under the Future Fund Act 2006.

4Definitions

In this instrument:

Act means the Future Fund Act 2006.

associated entity has the same meaning as in the Corporations Act 2001.

5Periodic investment reports
  1. (1)

    For the purposes of subsection 55A(1) of the Act, the Board must:

    1. (a)

      prepare a periodic investment report referred to in that subsection for each reporting day in accordance with this section; and

    2. (b)

      make the report available on the internet as soon as practicable after the end of the 90 days after the reporting day.

  2. (2)

    For the purposes of paragraph 55A(1)(b) of the Act, the publication period referred to in that paragraph is the period:

    1. (a)

      beginning:

      1. (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

      2. (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

    2. (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. (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:

    1. (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

    2. (b)

      set out the information relating to the investments separately for each fund in a way that:

      1. (i)

        is consistent with the tables in Schedule 1 to these Rules; and

      2. (ii)

        is easily downloadable and readable; and

      3. (iii)

        is in one or more formats, with at least one of those formats being a delimited file format.

  4. (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.

  5. (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:

    1. (a)

      deals only with that kind of investment; and

    2. (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.

  6. (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:

    1. (a)

      30 June each year;

    2. (b)

      31 December each year.

Schedule 1Tables for periodic investment reporting

Note: See subsection 5(4).

1Table 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 Income

Held directly or by associated entities

Internally 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 Income

Investment in non‑associated entities;

Held directly or by associated entities

Externally 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 Equity

Held directly or by associated entities

Internally 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 Equity

Investment in non‑associated entities;

Held directly or by associated entities

Externally 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 Property

Held directly or by associated entities

Internally 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 Property

Investment in non‑associated entities;

Held directly or by associated entities

Externally 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 Infrastructure

Held directly or by associated entities

Internally 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 Infrastructure

Investment in non‑associated entities;

Held directly or by associated entities

Externally 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 Alternatives

Held directly or by associated entities

Internally 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 Alternatives

Investment in non‑associated entities;

Held directly or by associated entities

Externally 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
2Table 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

3Table 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

4Table 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))

AUD

USD

Currencies of other developed markets

Currencies of emerging markets

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