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Showing 1 - 10 of 310 results for "Costello"

Chalmers champions productivity, urges tax reform

ANDREW MCKEAN  |  THURSDAY, 19 JUN 2025
... slightly higher than that. He also pointed out that the tax-to-GDP ratio is lower now than under John Howard and Peter Costello, "much lower than the old cap," and around 2-3% lower than spending. At the same time, Australia's population is ageing, meaning ...

Future Fund cleared to manage select asset classes in-house

ANDREW MCKEAN  |  WEDNESDAY, 18 JUN 2025
... speaking at a Committee for Economic Development of Australia (CEDA) event in Sydney yesterday. Combet, who succeeded Peter Costello as chair last year, said the Future Fund now has the authority to "undertake Australian infrastructure and property sector ...

Future Fund muscles past annual target return, lags in March quarter

ANDREW MCKEAN  |  TUESDAY, 6 MAY 2025
... Australia's most pressing socio-economic challenges," it said. However, critics, including former treasurer Peter Costello, who created the Future Fund, and Angus Taylor, a frontrunner to lead the Coalition, see that as political overreach. They've ...

Magellan unveils refreshed leadership, investment team

JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2025
... Strategy with Thomas. Meanwhile, listed infrastructure continues to be overseen by Ben McVicar, Ofer Karliner, David Costello, and Jowell Amores, and Aussie equities by Matt Williams and Emma Fisher. "We are pleased to announce the recruitment of such ...

Productivity slump threatens asset returns: Shane Oliver

ANDREW MCKEAN  |  WEDNESDAY, 11 DEC 2024
The supply-side productivity-enhancing reforms of the Hawke/Keating Labor government, continued by Howard/Costello, have since stalled, leading to a decline in productivity - a key catalyst in the deterioration of living standards, according to AMP ...

Future Group joins campaign to ban gambling ads

MICHELLE BALTAZAR  |  WEDNESDAY, 14 AUG 2024
... "We've waited too long for governments to act, so now we're using shareholder power to take action," said Reverend Tim Costello, chief advocate of AGR and former chief executive of World Vision Australia, in a press statement. Trevor Thomas ...

Greg Combet to succeed Peter Costello as Future Fund chair

ANDREW MCKEAN  |  MONDAY, 29 JAN 2024
Net Zero Economy Agency chair Greg Combet is set to replace Peter Costello as chair of the Future Fund, commencing mid-year. At a press conference in Canberra, treasurer Jim Chalmers said the appointment of Combet, who only recently relinquished his ...

Interest rates, liquidity top of mind for Future Fund

KARREN VERGARA  |  THURSDAY, 19 OCT 2023
... The $256.2 billion sovereign wealth fund delivered 6% in FY23 - well below its target of CPI plus 4%-5%. Chair Peter Costello said the performance reflects the portfolio's diversification across international markets and private assets. "The board ...

Peter Costello steps down from Future Fund

ANDREW MCKEAN  |  MONDAY, 9 OCT 2023
Peter Costello has informed the government he will not pursue a third term as the chair of the Future Fund. A formal, merit-based search is now underway for a new chair of the $250 billion sovereign wealth fund, with the government viewing future board ...

Future Fund slapped with new disclosure rules

ANDREW MCKEAN  |  WEDNESDAY, 4 OCT 2023
... 2021. In August, Future Fund posted a 6% return in FY23, well-below its 10% target. However, Future Fund chair Peter Costello said the return was reflective of the portfolio's diversification across international markets and private assets. He also reinforced ...
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