Queensland Future Fund
Program / SchemeReferenced in 2 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.
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.