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Both Labor and the Coalition seem reluctant to access the future fund, which is good IMO, no doubt it will eventually get to an amount where there will be excess funds, as I think the very generous Commonwealth pension scheme was closed and members eventually stop withdrawing from the fund.
I may be wrong as I'm only going from memory, someone who is familiar with the scheme will no doubt correct me.

[URL unfurl="true"]https://www.futurefund.gov.au/en/About-us/faqs#collapse_548a069a-69b4-428b-be3a-41126ee6c706[/URL]

While legislation permits drawdowns from the Future Fund from 1 July 2020, the Government announced in the 2017-18 budget that it will refrain from making withdrawals until at least 2026-27.

Drawing down later on the Fund is projected to strengthen the Government’s financial position over the long term.

Arrangements for withdrawals for the other funds are set out in their respective legislation.

<blockquote data-quote="sptrawler" data-source="post: 1259552" data-attributes="member: 28038">Both Labor and the Coalition seem reluctant to access the future fund, which is good IMO, no doubt it will eventually get to an amount where there will be excess funds, as I think the very generous Commonwealth pension scheme was closed and members eventually stop withdrawing from the fund.I may be wrong as I&#039;m only going from memory, someone who is familiar with the scheme will no doubt correct me.&nbsp; [URL unfurl=&quot;true&quot;]https://www.futurefund.gov.au/en/About-us/faqs#collapse_548a069a-69b4-428b-be3a-41126ee6c706[/URL]While legislation permits drawdowns from the Future Fund from 1 July 2020, the Government announced in the 2017-18 budget that it will refrain from making withdrawals until at least 2026-27.Drawing down later on the Fund is projected to strengthen the Government’s financial position over the long term.Arrangements for withdrawals for the other funds are set out in their respective legislation.</blockquote>

[QUOTE="sptrawler, post: 1259552, member: 28038"] Both Labor and the Coalition seem reluctant to access the future fund, which is good IMO, no doubt it will eventually get to an amount where there will be excess funds, as I think the very generous Commonwealth pension scheme was closed and members eventually stop withdrawing from the fund. I may be wrong as I'm only going from memory, someone who is familiar with the scheme will no doubt correct me. [URL unfurl="true"]https://www.futurefund.gov.au/en/About-us/faqs#collapse_548a069a-69b4-428b-be3a-41126ee6c706[/URL] While legislation permits drawdowns from the Future Fund from 1 July 2020, the Government announced in the 2017-18 budget that it will refrain from making withdrawals until at least 2026-27. Drawing down later on the Fund is projected to strengthen the Government’s financial position over the long term. Arrangements for withdrawals for the other funds are set out in their respective legislation. [/QUOTE]

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