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Peter Costello

November 2024

Peter Costello, left, set up the Future Fund when he was treasurer. Changes put in place Treasurer Jim Chalmers (centre) that will be acted on by the new Future Fund chairman Greg Combet (right) risk making it a “slush fund”, Costello says.

‘I would not have agreed to Future Fund shift’

With $230 billion to come into play, expect a long line of rent-seekers to form a queue, says former treasurer and Future Fund founder Peter Costello.

August 2023

Former treasurer Peter Costello: Past schemes to spend the Future Fund have included building dams and redirecting rivers.

Future Fund can only be spent once

Liquidating this once-in-a-century asset to repay debt or subsidise renewables now means we won’t be able to benefit future generations in 2040 or 2050 or 2060, which will be the focus of the Intergenerational Report.

March 2020

Peter Costello, Chairman, Future Fund,
speaking at the Australian Financial Review Business Summit on Tuesday.

Supply side insurance would soften the virus blow

A tax holiday is something big and immediate that would soften the coronavirus blow for employers and employees on both sides of the Pacific.

Original URL: https://www.afr.com/by/peter-costello-hve2u