Howard Government and Mr Costello

fund: Mr Costello will now remain chairman of the multi-billion dollar Future Fund until 2024, Treasurer Josh Frydenberg and Finance Mathias Cormann announced on Monday, according to Nine News Australia. The former MP helped set up the fund - which manages money to pay for the future superannuation payments of retired civil servants - in 2006 when he was treasurer in the Howard government. To improve your experience update it here News National Costello to stay at Future Fund9 33am Nov 12, Liberal treasurer Peter Costello has been reappointed as chair of Australia's sovereign wealth fund for another five years. He joined its board in 2009 and became chair in 2014. But opposition treasury spokesman Chris Bowen has blasted the coalition for not consulting Labor about Mr Costello's appointment, deeming the step entirely inappropriate ahead of the election. During that time, the fund's investments have more than doubled from 67.6 billion to 148.8 billion. (news.financializer.com). As reported in the news.