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Asset management

PM&C manages its assets in accordance with the Secretary’s Instructions, relevant accounting standards and Department of Finance requirements.

In 2018–19, PM&C administered significant strategic assets, in the form of investments, on behalf of the Australian Government for two special accounts: the Aboriginals Benefit Account (ABA) and the Aboriginal and Torres Strait Islander Land Account (ATSILA). Both the ABA and ATSILA investment strategies are focused on cash-flow requirements, preservation of the fund and management of risks. Moneys that are surplus to immediate requirements are invested under section 58 of the PGPA Act. For further detail, refer to the ABA annual report in the appendices.