Joint Media Release

Peter Costello Appointed Acting Chair of Future Fund

MC 23/13

Hon. J.B. Hockey MP
Treasurer

Senator the Hon. Mathias Cormann
Minister for Finance

18 December 2013

The Government is appointing the Hon Peter Costello AC as Acting Chairman of the Future Fund Board of Guardians following the departure of current Chairman Mr David Gonski AC in January 2014.

Mr Costello has served on the Board since December 2009.

He previously served with distinction as Australia's longest serving Federal Treasurer from 1996 to 2007.

During that time one of his many achievements was the establishment of the Future Fund in 2006.

The appointment will take effect on 11 January 2014 for a period of three months or until a permanent Chairman is appointed to the Future Fund Board of Guardians early in the new year.

[ENDS]

Media Contact(s): 

For Mr Hockey - Gemma Daley - 0418 148 821
For Senator Cormann - Karen Wu - 0428 350 139