Peter Costello

Policy and Regulation

Tax break for rich worst public policy since white Australia

Tax breaks in superannuation for the rich is the worst piece of public policy since ‘white Australia’, Garry Weaven pioneer of industry funds said at Conexus Financial’s 18th annual Investment Administration Conference. Addressing over 200 superannuation professional Weaven spoke on how most countries view Australia’s system as close to perfection, but despite this significant changes […]
Industry View

AIST viewpoint: misconceptions of super trustees

It has become fashionable – particularly with the current discussion stemming from the Financial Systems Inquiry – to compare super funds to banks. This is particularly so when the talk turns to governance. Speaking at the recent ASFA conference in Melbourne, the former Federal Treasurer Peter Costello commented that super funds should be subject to […]
Industry View

AIST view point: comparing standards of governance

It’s become fashionable – particularly with the current discussion stemming from the Financial System Inquiry – to compare super funds to banks.  This is particularly so when the talk turns to governance. Speaking at the recent ASFA conference in Melbourne, the former federal treasurer Peter Costello commented that super funds should be subject to the […]
CIO profiles

Neal likely to hold MD and CIO roles on interim basis

The Future Fund has begun a worldwide search for a new chief investment officer who can fit in with its ‘one team, one portfolio’ approach, after it was confirmed that David Neal would become the fund’s managing director. Neal, who has served as CIO since July 2007, has confirmed he is likely to hold the […]