Emergency Response Fund (ERF)

Your partner in public sector governance and managing public resources

International
  • Program Type
    International
  • Industry Focus
    Government, Industry

The Emergency Response Fund (ERF) was established on the commencement of the Emergency Response Fund Act 2019  (ERF Act), on 12 December 2019. On establishment, the ERF was credited with the uncommitted balance of the Education Investment Fund, which has now been closed.

The ERF allows the Government to draw up to $200 million in any given year, beyond what is already available to fund emergency response and natural disaster recovery and preparedness, where it determines the existing recovery and resilience-building programs are insufficient to provide an appropriate response to natural disasters.

Legislation

The ERF Act will give effect to the following:

  • Investment Mandate: the responsible Ministers are required to issue at least one investment mandate to the Future Fund Board of Guardians (Future Fund Board).

  • Crediting amounts to the ERF: the responsible Ministers may, by writing, credit the ERF Special Account with a specified amount or with specified instalments.

  • Debiting amounts from the ERF: from 2019-2020, disbursements (debits) from the ERF can be made subject to the following limits:
  • $150 million available each financial year to fund emergency response and recovery following natural disasters in Australia that have a significant or catastrophic impact; and
    $50 million each financial year to build resilience to, prepare for or reduce the risk of future natural disasters, and build the long-term sustainability of communities that are at risk of being affected by a future natural disaster.

    Future Phases

    Check out an overview of each competition phase below - complete rules for each phase will be released as the competition progresses.

    Documents

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    To apply or join the program, please submit an application.