Peter Costello, then the chairman of the Future Fund, intervened to prevent the sovereign wealth manager from spending thousands of dollars on sending chief executive Raphael Arndt’s former executive assistant on an international business class trip, the third she would have taken.
Two people with detailed knowledge of those discussions said Costello, a former federal treasurer who established the Future Fund in 2006, had stepped in to stop the third trip as it was being planned. Those people requested anonymity as they were not authorised to comment.
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