Future Fund Takes Over Mandate for ATSILS Fund

Posted on 02/11/2019


On February 1, 2019, Australia’s Future Fund Board of Guardians took on management of the Aboriginal and Torres Strait Islander Land and Sea Future Fund (ATSILS Fund). The ATSILS Fund was established with a capital contribution of A$ 2 billion transferred from the Aboriginal and Torres Strait Islander Land Account. This will be invested in line with the ATSILS Fund’s mandate.

The fund was created by this bill, Aboriginal and Torres Strait Islander Land and Sea Future Fund Bill 2018, which states, “Introduced with the Aboriginal and Torres Strait Islander Land and Sea Future Fund (Consequential Amendments) Bill 2018, the bill provides for the establishment of the Aboriginal and Torres Strait Islander Land and Sea Future Fund as a dedicated financial asset fund for the making of annual and discretionary payments to the Indigenous Land Corporation.”

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