Senate debates

Wednesday, 11 February 2009

Appropriation (Nation Building and Jobs) Bill (No. 1) 2008-2009; Appropriation (Nation Building and Jobs) Bill (No. 2) 2008-2009; Household Stimulus Package Bill 2009; Tax Bonus for Working Australians Bill 2009; Tax Bonus for Working Australians (Consequential Amendments) Bill 2009; Commonwealth Inscribed Stock Amendment Bill 2009

In Committee

4:27 am

Photo of Nick SherryNick Sherry (Tasmania, Australian Labor Party, Minister for Superannuation and Corporate Law) Share this | Hansard source

There has been no change in the long-term projected rate of return for the Future Fund. It is somewhat like the issue relating to superannuation fund long-term rates of return. In the case of superannuation, Treasury have projected and forecast five per cent over the long term, which is extremely accurate, despite movements up and down from year to year. The Future Fund has not changed its long-term projection on its rate of return. There will be years when it is below and years when it is above.

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