‘Boondoggle investments’ warning on Labor’s Future Fund changes

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The first Future Fund chairman, David Murray, says the organisation risks investing taxpayer money in “boondoggle” projects after Treasurer Jim Chalmers directed it to prioritise investments in housing, renewable energy and infrastructure.

Mr Murray, chairman from 2006 to 2012, said Labor was interfering in the independence of the fund, and investment returns of the $230 billion sovereign wealth fund would become more vulnerable.

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