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

I thank Senator Pocock for the question. That is not any part of the changes that we have made through the investment mandate or the statement of expectations. We are not including any changes about restrictions further than what exist now in relation to investments in the Future Fund. We believe that the independence of the Future Fund should be maintained and that the board needs to make those decisions based on investment advice, including the rates of return. They obviously have a responsibility to report, and we've made some changes there to increase reporting about particular investments in a way that provides more information to the public. I would say that the Future Fund is one of Australia's biggest investors in renewable energy already. We believe that setting out these new areas for the Future Fund Board of Guardians to consider when they're making decisions is an important change to the current arrangements and will strengthen the role and future of the Future Fund.