Future Fund critics owe Peter Costello an apology
The former Coalition treasurer had to fend off critics when he set the fund up, and is right to defend it now.
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The former Coalition treasurer had to fend off critics when he set the fund up, and is right to defend it now.
Jim Chalmers says that the Future Fund’s purpose and independence is safe. But it is difficult to be reassured without more concrete guardrails.
New Future Fund boss Greg Combet has been warned by the $212 billion sovereign wealth fund’s first chairman not to risk taxpayer money on “nation building” projects such as green energy and housing.
Corporate Australia’s support for the Voice, including multi-million dollar donations from shareholder funds, jarred against the 61 per cent who voted against it.
After growing for another 10 to 20 years, the Future Fund could eventually pay earnings to the budget says outgoing chairman Peter Costello, who reveals his only regret.