POWERED BY MOMENTUM MEDIA
Aware Super chair named Australia’s new Governor-General
Samantha Mostyn AO has been named Australia’s next Governor-General, succeeding David Hurley when she is sworn in on 1 July 2024.
She will be the second woman to hold the position after Quentin Bryce’s appointment in 2008.
Announcing the role, Prime Minister Anthony Albanese noted Mostyn’s “exceptional” service to the Australian community.
“Sam Mostyn is an exceptional leader who represents the best of modern Australia,” he told reporters in Canberra.
“She has lived her life in the service of a powerful Australian principle. When more people have the opportunity to fulfil their potential, our nation is a better place.”
Mostyn has been chair of Aware Super since March 2023 and has served as a non-executive director of Mirvac since 2015.
She was president of Chief Executive Women (CEW) from 2021–22 and has also held senior non-executive roles on boards including Transurban, Virgin Australia, and has been chair of Citibank Australia.
A lawyer by training, Mostyn started her career as an associate in the Court of Appeal of the NSW Supreme Court and has worked at law firms Freehills and Gilbert and Tobin.
She was appointed an Officer of the Order of Australia for distinguished service to business, the community, and women in 2021.
Mostyn said she was “deeply honoured” to be named the next Governor-General.
“I’m deeply honoured by this great privilege and look forward to representing the values, hopes, and aspirations of all Australians. I will never underestimate or take for granted the expectations that come with high office and I am ready to serve with integrity, compassion and respect,” she said.
His Excellency General the Honourable David Hurley will conclude his tenure in July 2024.
“On behalf of the Government and the people of Australia I thank General Hurley for his service to our country and convey our deep respect for the outstanding way he discharged his duties as Governor-General,” Prime Minister Albanese added.
The Governor-General holds office at the pleasure of the King, however, the term is usually understood to be five years.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
Recommended for you
Super funds had a “tremendous month” in November, according to new data.
Australia faces a decade of deficits, with the sum of deficits over the next four years expected to overshoot forecasts by $21.8 billion.
APRA has raised an alarm about gaps in how superannuation trustees are managing the risks associated with unlisted assets, after releasing the findings of its latest review.
Compared to how funds were allocated to March this year, industry super funds have slightly decreased their allocation to infrastructure in the six months to September – dropping from 11 per cent to 10.6 per cent, according to the latest APRA data.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.73 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
30.15 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.71 3 y p.a(%)
