Queensland Future Fund
Program / SchemeReferenced in 2 bills
Debt Reduction and Savings Bill 2021
This bill implements the Queensland Government's debt reduction and savings plan by restructuring government agencies and transferring some functions to the private sector or other departments. It transfers the land titles registry to a new private operator, abolishes Building Queensland, the Queensland Productivity Commission, and the Public Safety Business Agency, and changes how the National Injury Insurance Scheme Agency is governed.
Queensland Future Fund Bill 2020
This bill establishes a Queensland Future Fund framework, starting with the Debt Retirement Fund to quarantine money specifically for paying down State debt. It also provides a new legislated guarantee that the State will fully fund public sector defined benefit superannuation. The model is based on similar NSW legislation to satisfy credit rating agencies.