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Second Reading Speeches

Future Drought Fund Bill 2019

Type
Government
Portfolio
Finance
Originating house
House of Representatives
Status
Act
Parliament no
46

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Summary

Introduced with the Future Drought Fund (Consequential Amendments) Bill 2019, the bill uses uncommitted funds from the Building Australia Fund to establish the Future Drought Fund (comprised of the Future Drought Fund Special Account and the investments of the Future Drought Fund) as a dedicated investment vehicle to provide a secure revenue stream to be used for drought resilience, preparedness and response. Also establishes the Future Drought Fund Consultative Committee.