❓ Mr. Huston's question regarding the Construction Training Fund's (CTF) financial investments is answered, revealing an $88 million portfolio managed internally and compliant with relevant legislation. Investment returns for the past 5 years are provided, with no redemptions reported.
AnsweredQoN 188Legislative Assembly
QuestionView source ↗
(1) Please provide the total of Financial Investments in $AUD as per the BCTF balance sheet as at 30 May 2025? (2) Please provide the spread of investments of the Financial Investments including: (a) Investment advisors details ( if externally managed); (b) Investment Portfolio including fund managers details; (c) Risk Management Policy for the Financial Investments.; (d) Confirmation that the Financial Investments are managed and reported in accordance with Financial Management Act 2006; (e) Financial investment returns in % terms for last 5 financial years. (not including deposits or redemptions); and (f) Confirmation of any redemptions for last 5 Financial Years, Provide details of each, where items were greater than $50,000 per redemption?
AnswerView source ↗
Answered
12 August 2025
Responded by
Minister for Skills and TAFE
Response time
6 days
1. CTF’s financial investments are held across multiple term deposits of varying durations and interest rates. As at 30 May 2025, the total value of financial investments on the balance sheet was $88 million AUD.
2. (a)-(b)
Not applicable. CTF’s financial investments are not externally managed and do not involve third-party fund managers.
(c)-(d)
Financial investments are managed and reported in line with CTF’s Cash Management Policy, Investment Policy, and Operational Risk Management Policy. These policies have been developed in accordance with the Financial Management Act 2006 and the Building and Construction Industry Training Fund and Levy Collection Act 1990 .
e)
Financial Year
Interest Revenue as % of Financial Investments
2020/21
2.80
2021/22
0.88
2022/23
2.19
2023/24
4.15
2024/25
5.17
(f) There have been no redemptions of financial investments in the past five financial years. All term deposits were held to maturity.
2. (a)-(b)
Not applicable. CTF’s financial investments are not externally managed and do not involve third-party fund managers.
(c)-(d)
Financial investments are managed and reported in line with CTF’s Cash Management Policy, Investment Policy, and Operational Risk Management Policy. These policies have been developed in accordance with the Financial Management Act 2006 and the Building and Construction Industry Training Fund and Levy Collection Act 1990 .
e)
Financial Year
Interest Revenue as % of Financial Investments
2020/21
2.80
2021/22
0.88
2022/23
2.19
2023/24
4.15
2024/25
5.17
(f) There have been no redemptions of financial investments in the past five financial years. All term deposits were held to maturity.
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