Under Treasurer
Role / OfficeReferenced in 2 bills
Queensland Future Fund Bill 2020
This bill establishes the Queensland Future Fund framework, starting with a Debt Retirement Fund that sets aside money exclusively for paying down State debt. It also legislates a 100% guarantee that the State will fully fund public sector defined benefit superannuation entitlements. The model is based on similar NSW legislation to satisfy credit rating agency requirements.
Superannuation (State Public Sector) (Scheme Administration) Amendment Bill 2021
This bill enables the merger of QSuper and Sunsuper into Australia's second largest superannuation fund, with around $200 billion under administration. It retires the QSuper Board as trustee, moves the trust deed out of legislation to allow a new corporate trustee structure, and ensures the merged fund must remain headquartered in Queensland.