News

Future Fund plans to review investment in tobacco

A DECISION by the Future Fund to review its investment in tobacco companies has been applauded by health groups and the Greens.

The National Heart Foundation of Australia welcomed the move but called for the review to be "transparent and open".

Australian Medical Association wrote to the chair of the Future Fund, David Gonski, earlier this week outlining "health, moral and economic arguments against the use of Australian taxpayers' money to benefit big tobacco".

Greens health spokesman Richard Di Natale, who has a bill before the Senate that would force the Future Fund to divest its tobacco stocks, described the review as a "welcome step".

"The only logical outcome of the fund's internal review is to recommend for the divestment of those holdings," he said.

The Future Fund's $219 million in tobacco holdings have come under regular examination by the Greens in Senate Estimates and the announcement of the review comes just days before Mr Gonski was due to testify in front of Senate Finance and Public Administration Committee for the first time.

Topics:  greens health investment tobacco


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Trio to face court after assault on woman and her dog

New Ipswich District Court Judge: After nine years in the role, Ipswich District Court Judge Greg Koppenol will move to Brisbane Court.He will be replaced by Judge Dennis Lynch QC. In court on Tuesday, Judge Koppenol was recognised for his "brisk and vigorous approach" to the role.

The group is facing a host of charges including animal cruelty

Lemons to race 24 hours at Willowbank Raceway

LEMON SEASON: Keith Lewis of Queensland Raceway and Mayor Paul Pisasale celebrate the upcoming 24 Hours of Lemons at Queensland Raceway.

Hotted up old bombs set to raise funds for prostate cancer

Local Partners

Kim Kardashian slammed over Manchester tribute

KIM Kardashian has been slammed by her followers after posting a tribute to the victims of the Manchester terror attack.

Top Gun 2 movie is happening, Tom Cruise confirms

Tom Cruise in a scene from the movie Top Gun.

TOM Cruise delights fans with announcement on Sunrise.

The first Baywatch movie reviews are in

From left, Jon Bass, Alex Daddario, Zac Efron, Dwayne Johnson, Kelly Rohrbach, and Ilfenesh Hadera in a scene from the movie Baywatch.

Critics were less than impressed.

Boyfriend loses it over sex lie

Stacey Louise’s sex lie destroys her relationship.

SEVEN Year Switch’s Stacey told a fib about her sex life.

Why Crowe’s thankful for those ‘bulls**t’ rumours

Russell Crowe and Terri Irwin in 2007.

Crowe and Terri Irwin have been dodging dating rumours for years now

MOVIE REVIEW: King Arthur - Legend of the Sword

Charlie Hunnam in a scene from the movie King Arthur: Legend of the Sword.

Why the critics have got Guy Ritchie’s King Arthur all wrong.

Concert death toll revised up to 22, tour suspended

There have been multiple confirmed deaths after 'explosions' heard at Ariana Grande concert in Manchester

"We saw blood on people when we got outside."

How Toowoomba house prices compare in Australia

For sale sign in front of home.

Here's what $700,000 will buy you in Toowoomba, Brisbane and Sydney

One of Maryborough's most historic homes is still for sale

FULL OF HISTORY: Trisha Moulds is owner of the historic Tinana state known as Rosehill. The beautiful home is currently for sale.

It has been the scene of both joy and tragedies over the years.

The face of the Sunshine Coast's overpriced rental crisis

Alyx Wilson had to rent a $385 unit in Currimundi because the market was too competitive for cheaper rental housing. She is now renting a room from friends who own a house in Currimundi, and says its much more affordable.

Young people feel the strain in competitive, expensive rental market

WATCH: Take a tour of a tradie's dream home

5a Bruce Hiskens Court, Norman Gardens, going for $720,000. INSET: Lea Taylor.

Huge block with potential for anything

Ready to SELL your property?

Post Your Ad Here!