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Poppy Johnston

MYSTERIOUS: Future fund boss peter costello won t seek third term - You Need To See This

Peter Costello Future Fund the Future Fund Australia

Former treasurer Peter Costello is calling it quits as chair of Australia's sovereign wealth fund. (Lukas Coch/AAP PHOTOS)

Peter Costello is calling it quits as chair of Australia's sovereign wealth fund after 14 years on the board.

Mr Costello has advised the federal government he will not seek a third term at the Future Fund, and the search for a replacement will begin immediately.

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