Senate debates

Thursday, 21 November 2024

Questions without Notice

Future Fund

2:19 pm

Photo of Katy GallagherKaty Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

I think it is important, because there were so many ifs in that, to be really clear about what the government has announced today. The government remains committed to the Future Fund's independence and its commercial focus. There are no changes being proposed here to the existing benchmark rate of return or the risk profile. The government will not be directing specific investments being made by the fund. The fund and its board will continue to make decisions about investments independently, and its primary objective will be to maximise returns.

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