Bill
Aboriginal and Torres Strait Islander Land and Sea Future Fund Bill 2018
passed, as at 2018-11-30. Indigenous Affairs portfolio.
- Sponsor
- Not recorded
- Portfolio
- Indigenous Affairs
Recorded stages
- introduced — 2018-03-28
- second reading — 2018-03-28
- second reading — 2018-10-25
- second reading — 2018-10-25
- committee — 2018-10-25
- third reading — 2018-10-25
- introduced — 2018-11-12
- second reading — 2018-11-12
- second reading — 2018-11-28
- second reading — 2018-11-28
- third reading — 2018-11-28
- passed — 2018-11-28
- royal assent — 2018-11-30
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2018-03-28.
This bill creates a new financial fund to help the Commonwealth pay the Indigenous Land Corporation.
Money and assets from the existing Land Account would go into the Aboriginal and Torres Strait Islander Land and Sea Future Fund, run by the Future Fund Board.
The explanatory memorandum does not give the start date for the fund or the exact amount to be transferred.
- Establishes the Aboriginal and Torres Strait Islander Land and Sea Future Fund as a dedicated financial asset.
- Transfers monies and assets from the Land Account to the new fund.
- Has the Future Fund Board manage the fund to generate investment returns.
The Commonwealth, the Indigenous Land Corporation, and Aboriginal and Torres Strait Islander peoples.
Sources
em
em supp
em revised
billhome
frl act