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

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
    3·
    9 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.