Heavily redacted documents provide glimpses of consultations on the mandate, with participants including Future Fund Board of Guardians Chair Greg Combet and Treasury Secretary Steven Kennedy. The Future Fund is sometimes referred to as the Agency in the documents.
Australia’s sovereign wealth fund asked the government to alter the language in a proposed new investment mandate, documents released under a Freedom of Information request showed.
The government announced a new mandate for the A$230 billion ($195.42 billion) Future Fund in November that required it to consider national priorities — including clean energy, housing and infrastructure projects — in its investment decisions.
