The Board currently consists of a Chair and five other members. Members are appointed by the responsible Ministers, in accordance with legislation, and selected for their expertise in investing in financial assets, managing investments and corporate governance.
Board members are appointed on a part time basis for a term of up to five years and are eligible to be reappointed.
Mr Costello was appointed acting Chairman on 11 January 2014 and Chairman with effect from 4 February 2014 for a five-year term.Mr Costello served as a member of the House of Representatives from 1990 to 2009 and was Treasurer of the Commonwealth of Australia from March 1996 to December 2007. He has been Chair of the G20 Central Bank Governors and Finance Ministers, the OECD Ministerial Council, the APEC Finance Ministers, and a Governor of the IMF, World Bank and Asian Development Bank. He has served as Chairman of the Independent Advisory Board to the World Bank. Mr Costello is the Chairman of Nine Entertainment Co. and ECG Financial Pty Ltd. Mr Costello was appointed a Companion of the Order of Australia in 2011 for eminent service to the Parliament of Australia through the development of landmark economic policy reforms.
Ms Kay was appointed with effect from 14 April 2015 for a five-year term.
Ms Kay has more than 30 years’ experience in the finance sector both in executive and non-executive roles, including working as a banker and as a lawyer at Morgan Stanley, JP Morgan and Linklaters & Paines in London, New York and Australia. Most recently she was a Director of the Commonwealth Bank of Australia and Infrastructure NSW. Ms Kay is currently a Director of Allens Linklaters, Brambles, John Swire & Sons P/L, Scentre Group, the Australia-China Council and a number of not-for-profit organisations. She was awarded a Centenary Medal for services to business.
Mr Poynton was appointed with effect from 4 February 2014 for a five-year term.
Dr Wilson was appointed with effect from 14 April 2015 for a five-year term.
Dr Wilson has had a distinguished career as an independent Director with a background in finance, banking and medicine. Dr Wilson is a non-executive Director of Transurban and an independent Director of Sonic Healthcare Ltd, Opal Aged Care Ltd and the General Sir John Monash Foundation. She was Deputy Chancellor of the University of Queensland and has previously served on boards of ASX-listed companies, Government-owned Corporations and non-for-profit companies. Dr Wilson was awarded the 2016 Australian Institute of Company Directors Queensland Gold Medal Award for contribution to business and the wider community.
Ms Flaherty was appointed with effect from 3 April 2016 for a five-year term.
Ms Flaherty has extensive experience in corporate governance, finance, infrastructure and law, including most recently as Deputy Chief Executive at Reliance Rail and Executive Director at Infrastructure NSW. Ms Flaherty is a member of the advisory boards for North West Rail and Sydney Metro. Her current appointments include National Chair, Professional Scholarship Selection Committee of the Australian-American Fulbright Commission and Non-Executive Director of the Australian Youth Orchestra and PCYC NSW.
Mr Wachtel was appointed with effect from 3 April 2016 for a five-year term.
Mr Wachtel’s primary business experience is global in nature and predominately in the area of large complex international business. Through various leadership roles in the professional services industry he has extensive experience in organisational leadership, finance, risk management and governance, including as a former Chair (Asia Pacific & Oceania) of Ernst & Young (EY) and a member of the EY Global Governance Council & Global Risk Executive Committee. He is currently retained as a Senior Advisor to Credit Suisse (Australia). He is a board member of the Australian Centre for the Moving Image (ACMI) and the St Vincent's Medical Research Institute, and a past President of the International Fiscal Association (IFA Australia).