24 September 2019

Dear Minister

I am pleased to present the Annual Report of the Future Fund Board of Guardians (Board)
and the Future Fund Management Agency (Agency) for the 2018-19 financial year.

The report has been prepared in accordance with section 46 of the Public Governance,
Performance and Accountability Act 2013 (PGPA Act) and section 81 of the Future Fund
Act 2006, and includes the required disclosures in relation to the Future Fund, the Medical
Research Future Fund, the Aboriginal and Torres Strait Islander Land and Sea Future
Fund, the DisabilityCare Australia Fund, and the Nation-building Funds.

The report includes the Board and Agency’s audited financial statements as required
by section 34(i) of the Public Governance, Performance and Accountability (Financial
Reporting) Rule 2015.

As Accountable Authority of the Agency, I certify that:

• fraud risk assessments and fraud control plans have been prepared by the Agency
• appropriate mechanisms for preventing, detecting incidents of, investigating or
  otherwise dealing with, and recording or reporting fraud that meet the specific needs
  of the Agency are in place
• all reasonable measures have been taken to deal appropriately with fraud relating to
  the Agency.

Yours sincerely

Hon Peter Costello AC
Chairman
Future Fund Board of Guardians