A woman in a brightly coloured scarf peers through coffee bean bushes on either side of her.

Annual Report 2022-23

Reporting on ACFID’s activities to ensure transparency and accountability


ACFID is the peak body for Australian NGOs involved in international development and humanitarian action.


ACFID works and engages with a range of strategic partners in addition to our members.


ACFID is governed by its Board, ACFID Council, and various expert and governance committees.


A line of ladies in colourful outfits cheer and dance joyously.

Conference 2023

disruptive dynamics, inspired ideas

18-19 October 2023

Meet our Members

The ACFID membership is comprised of Australian NGOs that actively work in the international aid and development sector.

Become a member

Joining ACFID means joining an experienced and powerful mix of like-minded organisations committed to good international development practice.

Membership types & fees

ACFID has two types of organisational membership: Full Membership and Affiliate Membership.

State of the Sector

The State of the Sector Report provides a comprehensive and robust analysis of the state of the Australian aid and development sector.

NGO Aid Map

ACFID’s NGO Aid Map allows the Australian public and stakeholders to explore the work of ACFID Members around the world.

Development Practice Committee

The DPC is an expert advisory group of development practitioners leading good practice within the sector.

Our Focus

Four men paint a colourful mural

Federal Budget 23-24 Analysis

Facts and figures on how aid is presented in this year’s annual budget

Strategic Plan

ACFID prioritises a robust response to climate change and pressure on civil society in developing countries, as well as other key priorities.

Emergency Aid

ACFID Members provide vital life-saving assistance in the immediate aftermath of an emergency.

Climate Change

Action on climate change is one of ACFID’s highest priorities, as it is an existential threat to humanity and our development.

Civil Society

Civil societies are a cornerstone of regional stability and ensure that the voices of the marginalised are heard.

Supporting NGOS

Supporting NGOs as Valuable Partners.

Inclusive & locally led development

Walking the talk on inclusive development.

Humanitarian Action

Taking humanitarian action for those in greatest need.

Elevating Development

Elevating Development to the Heart of Australia’s International Engagement.


Improving standards, practice and culture to prevent and respond to sexual exploitation, abuse and harassment.

Code of Conduct

A small girl stands in front of a multi-coloured finger paint artwork, with a blue paint covered hand

2022-23 ACFID Code of Conduct Review

The ACFID Code of Conduct is periodically reviewed to ensure it continues to reflect good practice and the needs of ACFID and its members.

Code of Conduct

The Code is a voluntary, self-regulatory industry code of good practice.

About the Code

Find out more about the Code of Conduct and how it operates.

Good Practice Toolkit

Overview and practical resources, and examples to support the implementation of the Code.

Spotlight on the Code

Provides a thematic ‘deep dive’ into each of the nine Quality Principles in the Code


This section outlines the responsibility to be taken by each Member to ensure compliance with the Code.

Complaints Handling

How to make a complaint and information on the Code’s independent mechanism to address concerns relating to an ACFID Members’ conduct.

Other Standards

Mapping the Code with other professional standards and principles in the humanitarian and aid sector in Australia and internationally

Home 5 News 5 Media Releases 5 Joint Open Letter: Calling on Australia’s Future Fund to divest from companies doing business with the Myanmar military

Joint Open Letter: Calling on Australia’s Future Fund to divest from companies doing business with the Myanmar military

Feb 15, 2022 | Media Releases

Hon Peter Costello AC, Chairman
Dr Raphael Arndt, CEO
Future Fund Management Agency
Locked Bag 20010
Melbourne VIC 3001

CC: Minister for Finance
Minister for Foreign Affairs

Dear Mr Costello,

We write to you with deep concern on the disturbing events in Myanmar and the reports of investment by the Future Fund into weapons manufacturers that have done business with Myanmar’s military.

Since Myanmar’s military illegally seized power and detained members of the democratically elected government on 1 February 2021, 1,500 civilians have been killed, and military armed forces have led a reign of terror on civilians across the country. Evidence of serious violations of crimes under international law and violence against civilians continues to rise, including the recent execution of at least 39 people, including 4 children and 2 humanitarian workers in Karenni State. Of particular concern is the impact on children – in the past year, at least 150,000 children have been forced to flee their homes. Many of these displaced children are living in the jungle under makeshift shelters and are vulnerable to hunger, illness and protection risks.

The military leadership behind the coup have a history of violence against persecuted minorities, and their actions against the Rohingya is said to amount to war crimes, crime against humanity and genocide. As you will be aware, governments around the world, including the United States and the United Kingdom, have sanctioned individuals of the regime and their business entities. The foundation of the sanctions is based upon the undermining of democratic processes and the removal and illegal replacement of the elected government; the illegal detainment of civilians, including members of the democratically elected civilian government; the use of lethal force against civilians, including firing live rounds of ammunition into crowds; the suppression of the right to freedom of expression and freedom of assembly, and more.

In 2021 a freedom of information request revealed that the Future Fund holds just under $158 million in 14 publicly owned companies with links to Myanmar’s military including an arms manufacturer that has sold fighter jets and other weapons to the junta. The report states that Australia’s Future Fund has invested around $5 million in subsidiaries of Aviation Industry Corporation of China (AVIC), which researchers say has sold short-range missiles, long-range missiles and combat aircraft to the military junta. Australia’s Future Fund has also invested almost $18 million in Indian defence firm Bharat Electronics, which has sold sonar, radar and other surveillance systems to the Tatmadaw.

Other FOI requests from 2021 uncovered that the Future Fund holds $143 million in six publicly listed oil and gas companies, and their subsidiaries, that are financing the military junta. This includes $43.7 million in Thai company, PTT Company Limited which is set to operate two of three main lucrative gas projects and allegedly pays $1.34 million in rent annually to the military owned company, Myanmar Economic Conglomerate (MEC), for land seized from farmers.

Minister for Finance in Myanmar’s National Unity Government (NUG) U Tin Tun Naing said the Future Fund was supporting companies that had profited from the suffering of people in his country.

Any Future Fund investments in companies supplying arms to, or in partnership with, the Myanmar military are fuelling the very human rights abuses that are causing the dire humanitarian situation in Myanmar necessitating the provision of humanitarian and development aid to mitigate the impacts of those abuses. It undermines the Australian Government’s support for a return to peace and democracy in Myanmar, its own humanitarian and development support and its support for ASEAN’s five-point consensus and an end to the violence unleashed by the military.

Foreign Minister Marise Payne made a statement on the 1 year anniversary of the coup condemning the use of violence against civilians: “We call on the international community to prevent the flow of arms into Myanmar, to suspend all operational support to the military and its representatives, and to cease the provision of arms, enabling material and technical assistance”.

Following the coup, the United Nations’ Special Rapporteur for Myanmar Tom Andrews said: “businesses and investors should suspend or terminate activities with the Myanmar junta when the risk of involvement in serious human rights abuses can no longer be reasonably managed.”

This is also consistent with the obligations outlined in the UN Guiding Principles on Business and Human Rights and the OECD Guidelines for Multinational Enterprises, which state that businesses have a responsibility to seek to prevent or mitigate adverse human rights impacts that are directly linked to their operations by their business relationships, even if they have not contributed to those impacts.

Given this, we urgently call upon the Future Fund to provide information on which companies it is currently investing in and to divest from any companies who are in business partnership with the military or military owned businesses, therefore cutting the finances that military uses to prop up its lethal operations.

We hope you will consider these matters, trust you take your responsibilities to comply with human rights obligations seriously and that you would not wish to contribute in any way to the suffering of the people of Myanmar. We would be pleased to meet with you further to discuss these matters. Please feel free to contact Natasha Chabbara, Humanitarian Policy and Advocacy Advisor at the Australian Council for International Development if you would like to discuss at […].

As this matter is one of public interest, we would like to advise you that we are making this letter public.

Yours sincerely,

Action Against Myanmar Military Coup


Amnesty International Australia

APHEADA – Union Aid Abroad

APHR – ASEAN Parliamentarians for Human Rights

Australian Centre for International Justice

Australian Council for International Development

Australian Council of Trade Unions

Blood Money Campaign Myanmar

Burma Campaign UK

Burmese Community Support Group (Sydney)

Global Myanmar Spring Revolution

International Society of Myanmar Scholars & Professionals

Justice For Myanmar

No Business With Genocide – A Coalition to End Genocide

Progressive Voice

Publish What You Pay Australia

Women Activists Myanmar

Download the Joint Letter here.