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Treasurer Jim Chalmers says he will discuss the investment direction of the $212 billion Future Fund with incoming chairman Greg Combet, but won’t “mess” with its independence and commercial goals.
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.
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.