The federal government’s decision to have the fund invest in housing and green energy has ruffled Coalition feathers.

[…]

But [treasurer Jim Chalmers] has broken a bipartisan practice that had lasted 18 years: resisting the temptation to ask the fund to do anything other than chase financial returns.

It opens up a debate about what Australia does, and should do, with the hundreds of billions of dollars it has squirrelled away.

  • Minarble
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    5 hours ago

    Stop pissing around Mr Chalmers and set up a genuine Sovereign Wealth fund like Norway funded by new royalties on oil/gas/coal/ironore/gold/lithium and all the other wealth generated by mining that is being stripped out by international and national mining companies.