Opposition Accuses Labor of ‘Raiding the Nation’s Nest Egg’ in Future Fund Shift

The Labor government has directed the Future Fund to consider investments in housing, infrastructure, and green energy.

Australian Treasurer Jim Chalmers speaks to the media during a press conference at Parliament House in Canberra, Australia on Nov. 21, 2024. AAP Image/Lukas Coch

The Albanese government’s decision to turn to the Future Fund to tackle the housing and climate crisis dominated Question Time in Parliament on Nov.21.

In his announcement, Treasurer Jim Chalmers said the Fund would be directed to invest in housing, infrastructure, and the green energy transition, but only where it can generate returns.