{
  "entity_id": "B-002382",
  "folder": "Future-Fund-Board-of-Guardians",
  "name": "Future Fund Board of Guardians",
  "type": "Statutory Body",
  "jurisdiction": "Commonwealth",
  "portfolio": "Finance",
  "website": "http://www.futurefund.gov.au/",
  "data_status": "rich",
  "completeness": {
    "has_strategy_brief": true,
    "has_strategy_structured": true,
    "has_vision": false,
    "has_kpi_targets": true,
    "has_kpi_results": true,
    "has_strategy_overview": true,
    "has_legislation_text": true,
    "has_legislation_structured": false,
    "has_global_initiatives_text": false,
    "has_global_initiatives_structured": false,
    "n_global_initiatives": 0,
    "has_ideas": true,
    "has_artifacts": true,
    "n_ideas": 12,
    "n_legislation": 0,
    "n_artifacts": 10,
    "n_kpi_targets": 3,
    "n_kpi_results": 6,
    "n_outcomes": 2,
    "verified_own_data": true
  },
  "strategy_profile": {
    "status": "published",
    "confidence": "high",
    "summary": "Investing for the benefit of future generations of Australians. Every dollar that we make is a dollar that adds to Australia’s wealth and contributes to its future. [CP p. 13]",
    "official_site_url": "http://www.futurefund.gov.au/",
    "source_documents": [
      {
        "type": "annual_report",
        "title": "2021-22 Future Fund Annual Report",
        "url": "https://content.futurefund.gov.au/2021-22%20Future%20Fund%20Annual%20Report.pdf",
        "period": "2021-22",
        "confidence": "high"
      },
      {
        "type": "annual_report",
        "title": "2020-21 Future Fund Annual Report",
        "url": "https://content.futurefund.gov.au/2020-21%20Future%20Fund%20Annual%20Report.pdf",
        "period": "2020-21",
        "confidence": "high"
      },
      {
        "type": "annual_report",
        "title": "2019-20 Future Fund Annual Report",
        "url": "https://content.futurefund.gov.au/2019-20%20Future%20Fund%20Annual%20Report.pdf",
        "period": "2019-20",
        "confidence": "high"
      },
      {
        "type": "annual_report",
        "title": "2018-19 Future Fund Annual Report",
        "url": "https://content.futurefund.gov.au/2018-19%20Future%20Fund%20Annual%20Report.pdf",
        "period": "2018-19",
        "confidence": "high"
      },
      {
        "type": "annual_report",
        "title": "2017-18 Future Fund Annual Report",
        "url": "https://content.futurefund.gov.au/2017-18%20Future%20Fund%20Annual%20Report.pdf",
        "period": "2017-18",
        "confidence": "high"
      }
    ],
    "purpose": {
      "text": "Investing for the benefit of future generations of Australians. Every dollar that we make is a dollar that adds to Australia’s wealth and contributes to its future. [CP p. 13]",
      "source_url": "",
      "source_page": 13,
      "source_deep_url": ""
    },
    "vision": null,
    "strategic_priorities": [
      {
        "title": "Refresh the investment model",
        "description": "Refresh the investment model",
        "source_url": "",
        "source_page": 18,
        "source_deep_url": ""
      },
      {
        "title": "Mature the organisation",
        "description": "Mature the organisation",
        "source_url": "",
        "source_page": 20,
        "source_deep_url": ""
      },
      {
        "title": "Preserve our legacy",
        "description": "Preserve our legacy",
        "source_url": "",
        "source_page": 20,
        "source_deep_url": ""
      },
      {
        "title": "Expand our voice",
        "description": "Expand our voice",
        "source_url": "",
        "source_page": 21,
        "source_deep_url": ""
      }
    ],
    "values": [
      {
        "name": "One team, One purpose",
        "description": "",
        "source_url": "",
        "source_page": null
      },
      {
        "name": "Investment performance is our focus",
        "description": "",
        "source_url": "",
        "source_page": null
      },
      {
        "name": "Collaborate",
        "description": "",
        "source_url": "",
        "source_page": null
      },
      {
        "name": "Facilitate",
        "description": "",
        "source_url": "",
        "source_page": null
      },
      {
        "name": "Innovate",
        "description": "",
        "source_url": "",
        "source_page": null
      },
      {
        "name": "Deliberate",
        "description": "",
        "source_url": "",
        "source_page": null
      },
      {
        "name": "Inclusion",
        "description": "",
        "source_url": "",
        "source_page": null
      }
    ],
    "outcomes": [
      {
        "name": "Outcome 1: Long-term financial stability",
        "description": "The Future Fund contributes to the long-term financial stability of the Commonwealth by delivering strong long-term risk-adjusted returns on its original capital. [CP p. 13]",
        "activities": [
          "Investing in a diversified portfolio of assets",
          "Managing risk to achieve targeted returns"
        ],
        "source_url": "",
        "source_page": 13,
        "source_deep_url": ""
      },
      {
        "name": "Outcome 2: Economic resilience",
        "description": "The Future Fund enhances the economic resilience of Australia by providing secure funding for initiatives that support drought resilience, emergency responses, and disability care. [CP p. 13]",
        "activities": [
          "Investing in funds that support drought resilience",
          "Providing funding for emergency responses and disability care"
        ],
        "source_url": "",
        "source_page": 13,
        "source_deep_url": ""
      }
    ],
    "performance_measures": [
      {
        "code": "CCE01",
        "measure": "Return on investment",
        "target": "At least the CPI + 4.0% to 5.0% per annum",
        "latest_result": "",
        "status": "",
        "target_source_url": "",
        "target_source_page": 18,
        "result_source_url": "https://content.futurefund.gov.au/2021-22%20Future%20Fund%20Annual%20Report.pdf",
        "result_source_page": null
      },
      {
        "code": "ERF01",
        "measure": "Emergency response fund performance",
        "target": "At least the CPI + 2.0% to 3.0% per annum",
        "latest_result": "-0.1%",
        "status": "Partially achieved",
        "target_source_url": "",
        "target_source_page": 21,
        "result_source_url": "https://content.futurefund.gov.au/2021-22%20Future%20Fund%20Annual%20Report.pdf",
        "result_source_page": 11
      },
      {
        "code": "DCAF01",
        "measure": "DisabilityCare Australia Fund performance",
        "target": "Australian three-month bank bill swap rate + 0.3% per annum",
        "latest_result": "-0.4%",
        "status": "Not achieved",
        "target_source_url": "",
        "target_source_page": 21,
        "result_source_url": "https://content.futurefund.gov.au/2021-22%20Future%20Fund%20Annual%20Report.pdf",
        "result_source_page": 11
      },
      {
        "code": "FF01",
        "measure": "Future Fund performance",
        "target": "",
        "latest_result": "-1.2%",
        "status": "Partially achieved",
        "target_source_url": "",
        "target_source_page": null,
        "result_source_url": "https://content.futurefund.gov.au/2021-22%20Future%20Fund%20Annual%20Report.pdf",
        "result_source_page": 11
      },
      {
        "code": "MRFF01",
        "measure": "Medical Research Future Fund performance",
        "target": "",
        "latest_result": "0.1%",
        "status": "Substantially achieved",
        "target_source_url": "",
        "target_source_page": null,
        "result_source_url": "https://content.futurefund.gov.au/2021-22%20Future%20Fund%20Annual%20Report.pdf",
        "result_source_page": 11
      },
      {
        "code": "ATSILS01",
        "measure": "Aboriginal and Torres Strait Islander Land and Sea Future Fund performance",
        "target": "",
        "latest_result": "-0.2%",
        "status": "Not achieved",
        "target_source_url": "",
        "target_source_page": null,
        "result_source_url": "https://content.futurefund.gov.au/2021-22%20Future%20Fund%20Annual%20Report.pdf",
        "result_source_page": 11
      },
      {
        "code": "DDF01",
        "measure": "Future Drought Fund performance",
        "target": "",
        "latest_result": "-0.2%",
        "status": "Not achieved",
        "target_source_url": "",
        "target_source_page": null,
        "result_source_url": "https://content.futurefund.gov.au/2021-22%20Future%20Fund%20Annual%20Report.pdf",
        "result_source_page": 11
      }
    ],
    "document_alignment_terms": {
      "must_support": [
        "Investing for the benefit of future generations of Australians. Every dollar that we make is a dollar that adds to Australia’s wealth and contributes to its future. [CP p. 13]",
        "Refresh the investment model",
        "Mature the organisation",
        "Preserve our legacy",
        "Expand our voice"
      ],
      "watch_terms": [
        "Return on investment",
        "Emergency response fund performance",
        "DisabilityCare Australia Fund performance",
        "Future Fund performance",
        "Medical Research Future Fund performance",
        "Aboriginal and Torres Strait Islander Land and Sea Future Fund performance",
        "Future Drought Fund performance"
      ],
      "avoid_claiming_without_evidence": []
    },
    "review_note": ""
  },
  "global_initiatives": null,
  "strategy": {
    "reporting_period": "2024-25",
    "corporate_plan_period": "2025-26",
    "vision": null,
    "vision_source_page": null,
    "purposes": "Investing for the benefit of future generations of Australians. Every dollar that we make is a dollar that adds to Australia’s wealth and contributes to its future. [CP p. 13]",
    "purposes_source_page": 13,
    "how_we_deliver": "We focus on what matters; everything we do is focused on achieving our purpose and we don’t get side-tracked by distractions. We always do the right thing by our country, our organisation, and our team. We work together to achieve the best outcome, every time, and ultimately achieve our purpose. [CP p. 16]",
    "how_we_deliver_source_page": 16,
    "government_priorities": [
      {
        "text": "Refresh the investment model",
        "source_page": 18
      },
      {
        "text": "Mature the organisation",
        "source_page": 20
      },
      {
        "text": "Preserve our legacy",
        "source_page": 20
      },
      {
        "text": "Expand our voice",
        "source_page": 21
      }
    ],
    "outcomes": [
      {
        "name": "Outcome 1: Long-term financial stability",
        "description": "The Future Fund contributes to the long-term financial stability of the Commonwealth by delivering strong long-term risk-adjusted returns on its original capital. [CP p. 13]",
        "key_activities": [
          "Investing in a diversified portfolio of assets",
          "Managing risk to achieve targeted returns"
        ],
        "source_page": 13
      },
      {
        "name": "Outcome 2: Economic resilience",
        "description": "The Future Fund enhances the economic resilience of Australia by providing secure funding for initiatives that support drought resilience, emergency responses, and disability care. [CP p. 13]",
        "key_activities": [
          "Investing in funds that support drought resilience",
          "Providing funding for emergency responses and disability care"
        ],
        "source_page": 13
      }
    ],
    "values": [
      "One team, One purpose",
      "Investment performance is our focus",
      "Collaborate",
      "Facilitate",
      "Innovate",
      "Deliberate",
      "Inclusion"
    ],
    "values_framework_name": "The Future Fund Way",
    "kpi_targets_2025_26": [
      {
        "code": "CCE01",
        "measure": "Return on investment",
        "target": "At least the CPI + 4.0% to 5.0% per annum",
        "source_page": 18
      },
      {
        "code": "ERF01",
        "measure": "Emergency response fund performance",
        "target": "At least the CPI + 2.0% to 3.0% per annum",
        "source_page": 21
      },
      {
        "code": "DCAF01",
        "measure": "DisabilityCare Australia Fund performance",
        "target": "Australian three-month bank bill swap rate + 0.3% per annum",
        "source_page": 21
      }
    ],
    "kpi_results_2024_25": [
      {
        "code": "FF01",
        "measure": "Future Fund performance",
        "result": "-1.2%",
        "status": "Partially achieved",
        "source_page": 11
      },
      {
        "code": "MRFF01",
        "measure": "Medical Research Future Fund performance",
        "result": "0.1%",
        "status": "Substantially achieved",
        "source_page": 11
      },
      {
        "code": "ATSILS01",
        "measure": "Aboriginal and Torres Strait Islander Land and Sea Future Fund performance",
        "result": "-0.2%",
        "status": "Not achieved",
        "source_page": 11
      },
      {
        "code": "DDF01",
        "measure": "Future Drought Fund performance",
        "result": "-0.2%",
        "status": "Not achieved",
        "source_page": 11
      },
      {
        "code": "ERF01",
        "measure": "Emergency Response Fund performance",
        "result": "-0.1%",
        "status": "Partially achieved",
        "source_page": 11
      },
      {
        "code": "DCAF01",
        "measure": "DisabilityCare Australia Fund performance",
        "result": "-0.4%",
        "status": "Not achieved",
        "source_page": 11
      }
    ],
    "_source_urls": {
      "annual_report_url": "https://content.futurefund.gov.au/2021-22%20Future%20Fund%20Annual%20Report.pdf",
      "corporate_plan_url": ""
    }
  },
  "ideas": [
    {
      "entity_id": "B-002382",
      "entity_name": "Future Fund Board of Guardians",
      "folder_name": "Future-Fund-Board-of-Guardians",
      "category": "Procurement & Delivery",
      "scale": "small",
      "title": "Procurement lessons library for repeat purchases",
      "idea": "Capture reusable procurement clauses, market lessons, supplier performance notes, and common evaluation criteria.",
      "quote": "In 2024–25, the Future Fund Board of\nKey achievements for the year include:\nGuardians expanded its investment beliefs\nto include a Responsible Investment Belief: — Established a responsible investment\nIntegrating ESG considerations, including approach consistent with our obligations\nclimate change, as a Responsible under the Future Fund Act 2006,\nInvestor enhances long-term returns our Investment Mandate and our\nand our reputation. investment strategy\n— Together with the Board we established\nand started to embed the new Responsible\nThis marks a significant milestone in the Investment Belief\nevolution of our investment approach,\n— Designed our new Responsible Investment\ndemonstrating our commitment to\nPolicy, which sets accountabilities within\nresponsible investment.\nour organisation, guides our approach to",
      "impact": "High",
      "effort": "Low",
      "proof": "Evidence-backed",
      "beneficiaries": "Delivery teams / suppliers",
      "source": "other-pdfs/FFMA-202024-25-20Annual-20Report.pdf (https://content.futurefund.gov.au/FFMA%202024-25%20Annual%20Report.pdf)",
      "implementation": [
        "Pick one high-volume process or document family.",
        "Name an owner and baseline current volume, time, cost, and satisfaction.",
        "Run a 4-8 week pilot with clear before/after metrics.",
        "Publish lessons and decide whether to scale."
      ],
      "risks": [
        "Privacy and data quality",
        "Change fatigue",
        "Unclear accountability"
      ]
    },
    {
      "entity_id": "B-002382",
      "entity_name": "Future Fund Board of Guardians",
      "folder_name": "Future-Fund-Board-of-Guardians",
      "category": "Procurement & Delivery",
      "scale": "large",
      "title": "Portfolio delivery office for major investments",
      "idea": "Stand up a portfolio delivery office that tracks benefits, risks, dependencies, procurement, and delivery confidence.",
      "quote": "In 2024–25, the Future Fund Board of\nKey achievements for the year include:\nGuardians expanded its investment beliefs\nto include a Responsible Investment Belief: — Established a responsible investment\nIntegrating ESG considerations, including approach consistent with our obligations\nclimate change, as a Responsible under the Future Fund Act 2006,\nInvestor enhances long-term returns our Investment Mandate and our\nand our reputation. investment strategy\n— Together with the Board we established\nand started to embed the new Responsible\nThis marks a significant milestone in the Investment Belief\nevolution of our investment approach,\n— Designed our new Responsible Investment\ndemonstrating our commitment to\nPolicy, which sets accountabilities within\nresponsible investment.\nour organisation, guides our approach to",
      "impact": "Very High",
      "effort": "High",
      "proof": "Evidence-backed",
      "beneficiaries": "Delivery teams / suppliers",
      "source": "other-pdfs/FFMA-202024-25-20Annual-20Report.pdf (https://content.futurefund.gov.au/FFMA%202024-25%20Annual%20Report.pdf)",
      "implementation": [
        "Create a senior responsible owner and cross-functional delivery team.",
        "Map legislation, data, privacy, procurement, cyber, and workforce constraints.",
        "Co-design with users and frontline staff before technology selection.",
        "Stage delivery through pilots, benefits tracking, and public reporting."
      ],
      "risks": [
        "Privacy and data quality",
        "Change fatigue",
        "Unclear accountability"
      ]
    },
    {
      "entity_id": "B-002382",
      "entity_name": "Future Fund Board of Guardians",
      "folder_name": "Future-Fund-Board-of-Guardians",
      "category": "Risk & Assurance",
      "scale": "small",
      "title": "Recommendation tracker for audits, reviews, and inquiries",
      "idea": "Publish a single internal tracker for audit/review recommendations, owners, due dates, and implementation evidence.",
      "quote": "[pages 77,78,79,80]\nquarterly basis, with results\nIn managing risk, we consider risk in three broad\nreported to the Agency’s Operational Risk &\ncategories: investment risk, strategic risk and\nCompliance Committee and the Board’s Audit &\noperational risk:\nRisk Committee.\ni) Investment risk is the risk that the Board-\napproved investment strategies fail to achieve\nthe mandated return and risk objectives for\neach fund.",
      "impact": "High",
      "effort": "Low",
      "proof": "Evidence-backed",
      "beneficiaries": "Executives / assurance teams",
      "source": "annual-reports/2017-18.pdf (https://content.futurefund.gov.au/2017-18%20Future%20Fund%20Annual%20Report.pdf)",
      "implementation": [
        "Pick one high-volume process or document family.",
        "Name an owner and baseline current volume, time, cost, and satisfaction.",
        "Run a 4-8 week pilot with clear before/after metrics.",
        "Publish lessons and decide whether to scale."
      ],
      "risks": [
        "Privacy and data quality",
        "Change fatigue",
        "Unclear accountability",
        "Regulatory capture",
        "Over-automation of judgement"
      ]
    },
    {
      "entity_id": "B-002382",
      "entity_name": "Future Fund Board of Guardians",
      "folder_name": "Future-Fund-Board-of-Guardians",
      "category": "Risk & Assurance",
      "scale": "large",
      "title": "Integrated assurance and lessons-learned system",
      "idea": "Create an assurance system that connects audit findings, risk registers, delivery reviews, and investment decisions.",
      "quote": "[pages 77,78,79,80]\nquarterly basis, with results\nIn managing risk, we consider risk in three broad\nreported to the Agency’s Operational Risk &\ncategories: investment risk, strategic risk and\nCompliance Committee and the Board’s Audit &\noperational risk:\nRisk Committee.\ni) Investment risk is the risk that the Board-\napproved investment strategies fail to achieve\nthe mandated return and risk objectives for\neach fund.",
      "impact": "Very High",
      "effort": "High",
      "proof": "Evidence-backed",
      "beneficiaries": "Executives / assurance teams",
      "source": "annual-reports/2017-18.pdf (https://content.futurefund.gov.au/2017-18%20Future%20Fund%20Annual%20Report.pdf)",
      "implementation": [
        "Create a senior responsible owner and cross-functional delivery team.",
        "Map legislation, data, privacy, procurement, cyber, and workforce constraints.",
        "Co-design with users and frontline staff before technology selection.",
        "Stage delivery through pilots, benefits tracking, and public reporting."
      ],
      "risks": [
        "Privacy and data quality",
        "Change fatigue",
        "Unclear accountability",
        "Regulatory capture",
        "Over-automation of judgement"
      ]
    },
    {
      "entity_id": "B-002382",
      "entity_name": "Future Fund Board of Guardians",
      "folder_name": "Future-Fund-Board-of-Guardians",
      "category": "Data & Performance",
      "scale": "small",
      "title": "KPI evidence register with named owners",
      "idea": "Create a simple register mapping each KPI to source data, owner, frequency, target, and last result.",
      "quote": "[Page 5]\n2017-18 at a glance Future Fund\nbalance at 30 June 2018\n$145.8 billion\nReturn 2017-18 10 year return\n9.3% 8.7% pa\nEarnings for 2017-18 Value added since inception\n$12.4bn $85.3bn\nOther fund performance in 2017-18\nMedical Research Future Fund DisabilityCare Australia Fund\nReturn Benchmark target Return Benchmark target\n4.7% 3.0% 2.1% 2.1%\nEducation Investment Fund Building Australia Fund\nReturn Benchmark target Return Benchmark target\n2.1% 2.1% 2.1% 2.1%\nCash flow history at 30 June 2018\nFuture Fund\nContributions (bn) Earnings (bn) Withdrawals (bn) Balance (bn)\n$60.5 + $85.3 - $0 = $145.8\nMedical Research Future Fund\nContributions (bn) Earnings (bn) Withdrawals (bn) Balance (bn)\n$6.7 + $0.6 - $0.1 = $7.2\nDisabilityCare Australia Fund\nContributions (bn) Earnings (bn) Withdrawals (bn) Balance (bn)\n$14.3 + $0.5 - $0.1 = $14.7\nEducation Investment Fund",
      "impact": "High",
      "effort": "Low",
      "proof": "Evidence-backed",
      "beneficiaries": "Executives / Parliament / public",
      "source": "annual-reports/2017-18.pdf (https://content.futurefund.gov.au/2017-18%20Future%20Fund%20Annual%20Report.pdf)",
      "implementation": [
        "Pick one high-volume process or document family.",
        "Name an owner and baseline current volume, time, cost, and satisfaction.",
        "Run a 4-8 week pilot with clear before/after metrics.",
        "Publish lessons and decide whether to scale."
      ],
      "risks": [
        "Privacy and data quality",
        "Change fatigue",
        "Unclear accountability"
      ]
    },
    {
      "entity_id": "B-002382",
      "entity_name": "Future Fund Board of Guardians",
      "folder_name": "Future-Fund-Board-of-Guardians",
      "category": "Data & Performance",
      "scale": "large",
      "title": "Outcome dashboard linking budget, delivery, and public impact",
      "idea": "Build a public-facing outcome dashboard showing spend, outputs, outcomes, and delivery confidence.",
      "quote": "[Page 5]\n2017-18 at a glance Future Fund\nbalance at 30 June 2018\n$145.8 billion\nReturn 2017-18 10 year return\n9.3% 8.7% pa\nEarnings for 2017-18 Value added since inception\n$12.4bn $85.3bn\nOther fund performance in 2017-18\nMedical Research Future Fund DisabilityCare Australia Fund\nReturn Benchmark target Return Benchmark target\n4.7% 3.0% 2.1% 2.1%\nEducation Investment Fund Building Australia Fund\nReturn Benchmark target Return Benchmark target\n2.1% 2.1% 2.1% 2.1%\nCash flow history at 30 June 2018\nFuture Fund\nContributions (bn) Earnings (bn) Withdrawals (bn) Balance (bn)\n$60.5 + $85.3 - $0 = $145.8\nMedical Research Future Fund\nContributions (bn) Earnings (bn) Withdrawals (bn) Balance (bn)\n$6.7 + $0.6 - $0.1 = $7.2\nDisabilityCare Australia Fund\nContributions (bn) Earnings (bn) Withdrawals (bn) Balance (bn)\n$14.3 + $0.5 - $0.1 = $14.7\nEducation Investment Fund",
      "impact": "Very High",
      "effort": "High",
      "proof": "Evidence-backed",
      "beneficiaries": "Executives / Parliament / public",
      "source": "annual-reports/2017-18.pdf (https://content.futurefund.gov.au/2017-18%20Future%20Fund%20Annual%20Report.pdf)",
      "implementation": [
        "Create a senior responsible owner and cross-functional delivery team.",
        "Map legislation, data, privacy, procurement, cyber, and workforce constraints.",
        "Co-design with users and frontline staff before technology selection.",
        "Stage delivery through pilots, benefits tracking, and public reporting."
      ],
      "risks": [
        "Privacy and data quality",
        "Change fatigue",
        "Unclear accountability"
      ]
    },
    {
      "entity_id": "B-002382",
      "entity_name": "Future Fund Board of Guardians",
      "folder_name": "Future-Fund-Board-of-Guardians",
      "category": "Regulation & Policy",
      "scale": "small",
      "title": "Regulatory burden scan for forms, guidance, and reporting",
      "idea": "Identify the top 10 highest-friction reporting obligations and simplify guidance, forms, or evidence requirements.",
      "quote": "Consumer Price Index (CPI) + 4.5% to 5.5% per annum over\nThere is a natural tension between these two objectives,\nthe long term with an acceptable but not excessive level\nand our investment policy framework has been designed\nof risk.\nto guide resolution of issues like this by formalising our\nA new Investment Mandate came into effect from approach to investment risk management in portfolio\n1 July 2017, which reduced the long-term benchmark construction.",
      "impact": "High",
      "effort": "Low",
      "proof": "Evidence-backed",
      "beneficiaries": "Regulated entities / policy teams",
      "source": "annual-reports/2018-19.pdf (https://content.futurefund.gov.au/2018-19%20Future%20Fund%20Annual%20Report.pdf)",
      "implementation": [
        "Pick one high-volume process or document family.",
        "Name an owner and baseline current volume, time, cost, and satisfaction.",
        "Run a 4-8 week pilot with clear before/after metrics.",
        "Publish lessons and decide whether to scale."
      ],
      "risks": [
        "Privacy and data quality",
        "Change fatigue",
        "Unclear accountability",
        "Regulatory capture",
        "Over-automation of judgement"
      ]
    },
    {
      "entity_id": "B-002382",
      "entity_name": "Future Fund Board of Guardians",
      "folder_name": "Future-Fund-Board-of-Guardians",
      "category": "Regulation & Policy",
      "scale": "large",
      "title": "Adaptive regulation program with live feedback loops",
      "idea": "Create an adaptive regulation model using sandboxes, industry data, risk scoring, and regular rule updates.",
      "quote": "Consumer Price Index (CPI) + 4.5% to 5.5% per annum over\nThere is a natural tension between these two objectives,\nthe long term with an acceptable but not excessive level\nand our investment policy framework has been designed\nof risk.\nto guide resolution of issues like this by formalising our\nA new Investment Mandate came into effect from approach to investment risk management in portfolio\n1 July 2017, which reduced the long-term benchmark construction.",
      "impact": "Very High",
      "effort": "High",
      "proof": "Evidence-backed",
      "beneficiaries": "Regulated entities / policy teams",
      "source": "annual-reports/2018-19.pdf (https://content.futurefund.gov.au/2018-19%20Future%20Fund%20Annual%20Report.pdf)",
      "implementation": [
        "Create a senior responsible owner and cross-functional delivery team.",
        "Map legislation, data, privacy, procurement, cyber, and workforce constraints.",
        "Co-design with users and frontline staff before technology selection.",
        "Stage delivery through pilots, benefits tracking, and public reporting."
      ],
      "risks": [
        "Privacy and data quality",
        "Change fatigue",
        "Unclear accountability",
        "Regulatory capture",
        "Over-automation of judgement"
      ]
    },
    {
      "entity_id": "B-002382",
      "entity_name": "Future Fund Board of Guardians",
      "folder_name": "Future-Fund-Board-of-Guardians",
      "category": "Staff Productivity",
      "scale": "small",
      "title": "Reusable briefing and summary assistant for internal documents",
      "idea": "Create controlled templates for summarising reports, submissions, minutes, and ministerial briefs.",
      "quote": "[Page 102]\nIndividual performance component Total variable pay outcomes\nThe individual performance component of our While growth in our workforce resulting in the\nvariable pay structure is designed to recognise number of staff eligible for variable pay rose\nand reward achievements of goals set for each from 239 in 2022–23 to 254 in 2023–24,\nemployee, as well as the extent to which they given the fund performance component for\nmeet the Agency’s values. the 2023–24 year was zero the aggregate\ntotal variable pay paid to staff has decreased\nThe Agency successfully delivered against\nfrom $18.3 million in 2022–23 to $14.9 million\nthe full-year business plan and continued\nin 2023–24.\nrepositioning the portfolio for this new higher\ninflation, lower returns world.",
      "impact": "High",
      "effort": "Low",
      "proof": "Evidence-backed",
      "beneficiaries": "APS staff / executives",
      "source": "other-pdfs/2023-24-20Future-20Fund-20Annual-20Report.pdf (https://content.futurefund.gov.au/2023-24%20Future%20Fund%20Annual%20Report.pdf)",
      "implementation": [
        "Pick one high-volume process or document family.",
        "Name an owner and baseline current volume, time, cost, and satisfaction.",
        "Run a 4-8 week pilot with clear before/after metrics.",
        "Publish lessons and decide whether to scale."
      ],
      "risks": [
        "Privacy and data quality",
        "Change fatigue",
        "Unclear accountability",
        "Sensitive information leakage",
        "Inconsistent quality of generated drafts"
      ]
    },
    {
      "entity_id": "B-002382",
      "entity_name": "Future Fund Board of Guardians",
      "folder_name": "Future-Fund-Board-of-Guardians",
      "category": "Staff Productivity",
      "scale": "large",
      "title": "Department-wide knowledge and briefing platform",
      "idea": "Build a secure knowledge platform that lets staff search, summarise, and cite approved departmental material.",
      "quote": "[Page 102]\nIndividual performance component Total variable pay outcomes\nThe individual performance component of our While growth in our workforce resulting in the\nvariable pay structure is designed to recognise number of staff eligible for variable pay rose\nand reward achievements of goals set for each from 239 in 2022–23 to 254 in 2023–24,\nemployee, as well as the extent to which they given the fund performance component for\nmeet the Agency’s values. the 2023–24 year was zero the aggregate\ntotal variable pay paid to staff has decreased\nThe Agency successfully delivered against\nfrom $18.3 million in 2022–23 to $14.9 million\nthe full-year business plan and continued\nin 2023–24.\nrepositioning the portfolio for this new higher\ninflation, lower returns world.",
      "impact": "Very High",
      "effort": "High",
      "proof": "Evidence-backed",
      "beneficiaries": "APS staff / executives",
      "source": "other-pdfs/2023-24-20Future-20Fund-20Annual-20Report.pdf (https://content.futurefund.gov.au/2023-24%20Future%20Fund%20Annual%20Report.pdf)",
      "implementation": [
        "Create a senior responsible owner and cross-functional delivery team.",
        "Map legislation, data, privacy, procurement, cyber, and workforce constraints.",
        "Co-design with users and frontline staff before technology selection.",
        "Stage delivery through pilots, benefits tracking, and public reporting."
      ],
      "risks": [
        "Privacy and data quality",
        "Change fatigue",
        "Unclear accountability",
        "Sensitive information leakage",
        "Inconsistent quality of generated drafts"
      ]
    },
    {
      "entity_id": "B-002382",
      "entity_name": "Future Fund Board of Guardians",
      "folder_name": "Future-Fund-Board-of-Guardians",
      "category": "Citizen Participation",
      "scale": "small",
      "title": "Consultation feedback summaries with response tracking",
      "idea": "Summarise consultation submissions by theme and publish what changed in response.",
      "quote": "Purpose Amount debited Amount debited Amount debited\n2015-16 2016-17 2017-18\nContracts with investment managers $251,506,695 $254,382,038 $291,006,497\nBoard remuneration and allowances $894,571 $908,032 $852,505\nAgency remuneration and allowances $34,988,290 $38,842,944 $43,663,298\nConsultants and advisers to the Board and Agency $24,475,120 $16,064,403 $14,339,000\nAgency operations $20,126,715 $23,646,429 $23,564,832\nNote: all costs reported under section 81 of the Future Fund Act 2006 are reported on a cash basis, whereas the direct costs in the\nabove table include accruals.",
      "impact": "High",
      "effort": "Low",
      "proof": "Evidence-backed",
      "beneficiaries": "Citizens / stakeholders / policy teams",
      "source": "annual-reports/2017-18.pdf (https://content.futurefund.gov.au/2017-18%20Future%20Fund%20Annual%20Report.pdf)",
      "implementation": [
        "Pick one high-volume process or document family.",
        "Name an owner and baseline current volume, time, cost, and satisfaction.",
        "Run a 4-8 week pilot with clear before/after metrics.",
        "Publish lessons and decide whether to scale."
      ],
      "risks": [
        "Privacy and data quality",
        "Change fatigue",
        "Unclear accountability",
        "Digital exclusion",
        "Low public trust if feedback is not acted on"
      ]
    },
    {
      "entity_id": "B-002382",
      "entity_name": "Future Fund Board of Guardians",
      "folder_name": "Future-Fund-Board-of-Guardians",
      "category": "Citizen Participation",
      "scale": "large",
      "title": "Always-on policy participation platform",
      "idea": "Create a standing participation platform where citizens and stakeholders can propose, vote, and track ideas.",
      "quote": "Purpose Amount debited Amount debited Amount debited\n2015-16 2016-17 2017-18\nContracts with investment managers $251,506,695 $254,382,038 $291,006,497\nBoard remuneration and allowances $894,571 $908,032 $852,505\nAgency remuneration and allowances $34,988,290 $38,842,944 $43,663,298\nConsultants and advisers to the Board and Agency $24,475,120 $16,064,403 $14,339,000\nAgency operations $20,126,715 $23,646,429 $23,564,832\nNote: all costs reported under section 81 of the Future Fund Act 2006 are reported on a cash basis, whereas the direct costs in the\nabove table include accruals.",
      "impact": "Very High",
      "effort": "High",
      "proof": "Evidence-backed",
      "beneficiaries": "Citizens / stakeholders / policy teams",
      "source": "annual-reports/2017-18.pdf (https://content.futurefund.gov.au/2017-18%20Future%20Fund%20Annual%20Report.pdf)",
      "implementation": [
        "Create a senior responsible owner and cross-functional delivery team.",
        "Map legislation, data, privacy, procurement, cyber, and workforce constraints.",
        "Co-design with users and frontline staff before technology selection.",
        "Stage delivery through pilots, benefits tracking, and public reporting."
      ],
      "risks": [
        "Privacy and data quality",
        "Change fatigue",
        "Unclear accountability",
        "Digital exclusion",
        "Low public trust if feedback is not acted on"
      ]
    }
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