•       This Chapter sets up the Building Australia Fund, which consists of:

               (a)     the Building Australia Fund Special Account; and

              (b)     the investments of the Building Australia Fund.

•       The main purposes of the Building Australia Fund Special Account are:

               (a)     to make payments in relation to the creation or development of transport infrastructure; and

              (b)     to make payments in relation to the creation or development of communications infrastructure; and

               (c)     to make payments in relation to eligible national broadband network matters; and

              (d)     to make payments in relation to the creation or development of energy infrastructure; and

               (e)     to make payments in relation to the creation or development of water infrastructure.

•       The Finance Minister is responsible for authorising payments on the recommendation of the Infrastructure Minister, the Communications Minister, the Energy Minister or the Water Minister.

•       If a payment is made by way of a grant of financial assistance, the terms and conditions on which the financial assistance is granted are to be set out in a written agreement between the Commonwealth and the recipient.

•       The Future Fund Board is responsible for deciding how to invest the Building Australia Fund.

•       Investments of the Building Australia Fund will consist of financial assets.

•       The Future Fund Board is bound by a Building Australia Fund Investment Mandate given to it by the responsible Ministers.