Queensland Future (Debt Retirement) Fund
Program / SchemeReferenced in 3 bills
Debt Reduction and Savings Bill 2021
This bill implements the Queensland Government's Savings and Debt Plan through a series of structural reforms. It transfers the Titles Registry to a government-owned company within the Queensland Future Fund to improve the State's balance sheet, abolishes three statutory bodies (Building Queensland, the Queensland Productivity Commission, and the Public Safety Business Agency), and introduces measures to modernise government operations including a fee unit model and mandatory digital publication.
Revenue Legislation Amendment Bill 2022
This bill implements the major revenue measures from the 2022-23 Queensland State Budget. It introduces a mental health levy on large employers, increases coal royalty rates during high-price periods, reforms land tax to account for interstate landholdings, and provides various stamp duty exemptions for small businesses, deceased estates and retirement visa holders.
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.