The Post reports:The head of an investment fund which is being shut down by the Government has been on an annual salary of nearly $1 million paid by the public purse, which the climate change minister says is “hard to justify”. That is an obscene salary for the role. The GIF is very different to say the NZ Super Fund or the role overseeing ACC investments. Their job is to get the best return for their organisations, and their performance can easily be judged by the return on investment they get. They failed and lost $116 million in the last year.

Source: New Zealand Herald April 08, 2026 07:17 UTC