$5 Billion Future Drought Fund Set to Become Australian Law

This aerial photo taken on Aug. 7, 2018, shows cattle on a dry paddock in the drought-hit area of Quirindi in New South Wales. A crippling drought is ravaging parts of Australia, decimating herds and putting desperate farmers under intense financial and emotional strain, with little relief in sight. Glenn Nicholls/AFP/Getty Images

Drought-proofing projects will soon be given A$100 million each year under a A$5 billion future fund which has passed the Senate.

Labor, which initially opposed the kitty because it repurposed dormant nation-building funds, fell in line with the government on July 24.