Further consultation – Statutory fund management
This is the second round of consultation on a proposal to optimise the investment of a range of statutory funds. This consultation period closes on Friday 4 March 2022.
In May 2021, the Northern Territory Government approved the release of a consultation paper seeking input and feedback on a proposal to optimise the investment of a range of statutory funds.
Key features of the proposal were:
- funds would be held within the Central Holding Authority
- the existing funds would have separately identifiable subaccounts
- the funds would be managed by a single fund manager and single expert investment committee
- each statutory fund’s subaccount would continue to be used only to meet the obligations for which it was established under legislation
- other (non-investment) roles of existing boards and committees will remain unchanged.
After considering the feedback from that first round of consultation, the Treasurer has requested the Department of Treasury and Finance release a second consultation paper PDF (224.6 KB).
The consultation period on the second paper is open from 9 February 2022 to Friday 4 March 2022.
Provide submissions and feedback by:
Email: Enquiries.DTF@nt.gov.au
Mail:
Department of Treasury and Finance
Statutory Fund Management
GPO Box 1974
DARWIN NT 0801
Hand delivery:
Department of Treasury and Finance
Statutory Fund Management
Level 14, Charles Darwin Centre
19 The Mall
DARWIN NT 0800
In addition, Department of Treasury and Finance officials will be available for face-to-face meetings to discuss the proposal in the Consultation Paper. Please email your request for a face-to-face meeting to Enquiries.DTF@nt.gov.au or phone 08 8999 6500. Please ensure the subject line includes ‘meeting request Statutory Fund Management’.
Related information
