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Committee's Report

The committee tabled its report on the Queensland Future Fund Bill 2020 on 7 August 2020.  The Bill was passed on 13 August 2020. 

About the Bill

On 14 July 2020, the Treasurer and Minister for Infrastructure and Planning, the Hon Cameron Dick MP, introduced the Queensland Future Fund Bill 2020 (Bill) into the Legislative Assembly. In accordance with Standing Order 137, the Bill was declared urgent and referred to the Economics and Governance Committee for consideration and report.   

The objectives of the Bill, as outlined in the explanatory notes, are to:

• establish a Queensland Future Fund under an Act of Parliament, replicating, as far as possible, the legislative model set up by the NSW Generations Funds Act 2018
• establish the first Queensland Future Fund, the ‘Queensland Future (Debt Retirement) Fund’ (Debt Retirement Fund), to quarantine funding to reduce the debt of the State
• enable the establishment of other Queensland Future Funds and provide for the ongoing administration of Queensland Future Funds, and
• provide an additional guarantee of the State’s defined benefit liabilities.

Call for submissions

Submissions are now closed. Submissions are published under the "View Submissions" tab.

Timeline