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Showing 1 - 10 of 231 results for "Peter 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 ...

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 ...

Future Fund posts 6% return

JAMIE WILLIAMSON  |  WEDNESDAY, 30 AUG 2023
... stand at $256.2 billion, inclusive of the $60 billion first committed by government in 2006. Future Fund chair Peter Costello said the 6% return, which is well below its 10% target, is reflective of the portfolio's diversification across international ...

Future Fund finds new chief investment officer

ANDREW MCKEAN  |  WEDNESDAY, 2 AUG 2023
... Fund chief executive Raphael Arndt, who's acted in the role since June 2022. Future Fund board of guardians chair Peter Costello said Samild's appointment highlights the depth of talent in the Future Fund's investment team and represents continuity in ...

Future Fund trumps market averages

ANDREW MCKEAN  |  FRIDAY, 28 APR 2023
... 12 months ending March 2023, surpassing the ASX (0.1%) and S&P500 (-7.7%). Future Fund Board of Guardians chair Peter Costello explained that as central banks, including the Federal Reserve and the Reserve Bank of Australia, raised interest rates in ...
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