Summary
Introduced with the Nation-building Funds (Consequential Amendments) Bill 2008 and further to the COAG Reform Fund Bill 2008, the bill establishes three financial asset funds to provide capital investment in transport, communications, energy, water, higher and vocational education and health infrastructure: the Building Australia Fund, the Education Investment Fund and the Health and Hospitals Fund. The funds will be established as special accounts in the Consolidated Revenue Fund and will be managed by the Future Fund Board of Guardians.