Housing Australia is governed by an independent Board responsible for determining strategy, defining risk appetite, making financing decisions and monitoring performance.
The Housing Australia Board is ultimately responsible for the overall operation and stewardship of the organisation. It reports to the Parliament through the Minister. In performing its role, the Board decides - within the scope of the Investment Mandate - the strategies and policies to be followed by Housing Australia. It monitors compliance with those strategies and policies, defines Housing Australia's risk appetite, makes financing decisions, and otherwise ensures the proper, efficient and effective performance of Housing Australia functions.
The Board currently comprises eight independent non-executive members:
| Member | Term | Start Date | End Date |
|---|---|---|---|
Ms Carol Austin Chair | 5 years | 5 June 2023 | 4 June 2028 |
Mr Kelvin Ryan Member | 5 years | 19 July 2021 | 18 July 2026 |
Hon Richard Wynne Member | 5 years | 1 June 2023 | 31 May 2028 |
Mr Nigel Ray PSM Member | 5 years | 1 June 2023 | 31 May 2028 |
Ms Cathie Armour Member | 5 years | 26 October 2023 | 25 October 2028 |
Ms Matina Papathanasiou Member | 5 years | 30 November 2023 | 29 November 2028 |
Ms Mary Ploughman Member | 5 years | 30 November 2023 | 29 November 2028 |
Mr Damien Tangey Member | 5 years | 18 December 2024 | 17 December 2029 |
Board responsibilities
Housing Australia's Board is responsible for:
- Providing input to and approving Housing Australia’s strategic direction, objectives, goals and budgets as developed by management in a manner which is at all times consistent with Housing Australia’s functions under the Housing Australia Act and the Investment Mandate.
- Directing, monitoring and assessing Housing Australia’s performance against strategic and business plans, approving and monitoring expenditure and reviewing and approving Housing Australia's major policies.
- Identifying Housing Australia's principal business risks, ensuring Housing Australia has in place an appropriate risk management framework and establishing the acceptable levels of risk within which the Board expects the management of Housing Australia to operate
- Reviewing and approving Housing Australia's systems of internal compliance and control, audit, risk management and legal compliance, to determine the integrity and effectiveness of those systems
- Approving and monitoring material (internal and external) financial and other reporting and monitoring Housing Australia's operational and financial position and performance.
- Ensuring that Housing Australia's capital and reserves are sufficient to meet the likely liabilities of Housing Australia and making adequate provision for default in the repayment of principal, or in the payment of interest or other charges, in connection with loans made by Housing Australia.
- Ensuring ethical behaviour and compliance with Housing Australia’s own governing documents, including Housing Australia’s Code of Conduct and corporate governance standards.
Full details of the Board's responsibilities are set out in the Board Charter.
Board members
| Member | Term of appointment | |
|---|---|---|
| Carol Austin | Chair Carol has over 30 years’ experience in the finance industry and is a director of the Grattan Institute and Infoxchange, and a member of the Investment, Audit and Risk Committee of the General Sir John Monash Foundation. Her previous board roles include a director of HSBC Bank Australia, the Tasmanian Public Finance Corporation, and a guardian of the Future Fund . She recently served as a member of the Independent Panel appointed to review the Australian Energy Regulator's draft 2022 Rate of Return Instrument. Carol has also served on the advisory boards of the Australian Office of Financial Management and the Melbourne Institute of Applied Economic and Social Research, and was a Commissioner with the NSW Independent Planning Commission. Her executive career included economic research/senior management roles with the Reserve Bank of Australia, BHP, Contango Asset Management, Rothschild Australia Asset Management and Commonwealth Funds Management. Carol holds a Bachelor of Science from Monash University and a Bachelor of Economics (Hons) from ANU. She is a Fellow of the Australian Institute of Company Directors and a member of Chief Executive Women. | 5/06/2023 - 4/06/2028 |
 | Kelvin Ryan | People and Culture Committee Member Kelvin was appointed to the Housing Australia Board in July 2021. He brings extensive leadership experience in the construction industry, having held senior roles since 1998. He served as CEO of 2 of the largest residential building companies in Australia - BGC Residential and Simonds Group Limited – and began his construction career with Boral Ltd. Prior to entering the construction sector, Kelvin held senior executive positions in the mining and manufacturing industries, including roles at Downer Ltd, Fletcher Challenge NZ, Aditya Birla Canada and WMC Resources. Kelvin has deep experience in delivering affordable housing solutions and financing options, having overseen construction and funding of tens of thousands of new homes and numerous residential projects. He holds a Bachelor of Education from the Western Australian College of Advanced Education and a Master of Science from Griffith University. | 19/07/2021 - 18/07/2026 |
 | The Hon Richard Wynne Richard joined the Housing Australia Board in June 2023. He was appointed to the Board of Mind Australia in May 2024 and is Chair of the Haven Foundation, a subsidiary of Mind Australia, which provides housing and wrap-around services for people with mental health issues. Richard served as Victoria’s Minister for Planning and Housing for over 12 years, leading major reforms to the housing sector, including the Big Housing Build. He previously held ministerial portfolios covering Local Government, Aboriginal Affairs and Multicultural Affairs. A former Lord Mayor of Melbourne and City Council member, Richard also served as Cabinet Secretary and Parliamentary Secretary for Justice. Richard retired from state politics in 2022 as Victoria’s longest serving Planning Minister. Richard began his career as a social worker at the Flemington Community Health Centre, supporting residents in public housing. | 1/06/2023 - 31/05/2028 |
 | Nigel Ray PSM ARC member | Investment Committee member Nigel has over 35 years' experience in public policy and economic analysis. In addition to serving as a Housing Australia Board member, he undertakes advisory work. He retired from the Australian Public Service in January 2023. From November 2020 until November 2022, Nigel was an Executive Director on the World Bank Group Boards, representing Australia and 14 other countries. He Chaired the Board’s Committee on Corporate Governance and Executive Directors’ Administrative Matters. From 2018 to 2020, he served as Executive Director of the International Monetary Fund, representing a constituency of 15 countries, including Australia. Nigel joined the Commonwealth Treasury in December 1988 following a role at the Office of National Assessments. From the mid-1990s, he held several senior executive positions, including as Deputy Secretary (Fiscal) from 2008-2015 and Deputy Secretary (Macroeconomic) from 2015-2018. During this time, he also served as Australia’s G20 Finance Deputy and was a member of the Australian Statistics Advisory Council. In 2013, Nigel was awarded a Public Service Medal for outstanding public service. He holds a Master of Economics and Bachelor of Laws from the University of Sydney. | 1/06/2023 - 31/05/2028 |
 | Cathie Armour Audit and Risk Committee Chair Cathie was appointed to the Housing Australia Board in October 2023. She brings executive experience across investment banking, law and regulation in both the public and private sectors. Her previous roles include Commissioner of the Australian Securities and Investments Commission (ASIC), General Counsel at Macquarie Capital, Executive Director of Macquarie Group, and Corporate Legal Counsel at JP Morgan. Cathie also practiced law in Sydney and New York. She holds a Master of Laws from University of Sydney and Bachelor of Laws and Bachelor of Economics from the Australian National University. Cathie is a graduate of the Australian Institute of Company Directors and a member of Chief Executive Women. Cathie is Chair of the Housing Australia Audit and Risk Committee (ARC). | 26/10/2023 - 26/10/2028 |
 | Matina Papathanasiou Investment Committee Chair | People and Culture Committee member Matina was appointed to the Housing Australia Board in November 2023. She worked as a leading investor and adviser in unlisted infrastructure and brings deep knowledge in governance, investment, asset management, institutional funds management, infrastructure and investment banking. Her executive career includes over 17 years as co-founder of the QIC infrastructure investment business, which manages over $39 billion in unlisted equity investments globally. Matina has made key contributions to a number of boards and committees with 20 years of board experience, including directorships with Port of Melbourne, Hobart Airport, Brisbane Airport, Northwest/M7 roads group, TransGrid, Epic Energy, Pacific Solar and India Infrastructure holdings and as a Member of the Investment Advisory Board of the UNDRR. Her prior executive roles include positions at AMP Capital, Bankers Trust, Macquarie Bank and Arthur Andersen. Matina holds a Bachelor of Laws and Bachelor of Commerce from the University of NSW. She is a graduate of the Australian Institute of Company Directors and a member of Chief Executive Women. Matina is Chair of the Housing Australia Board Investment Committee and is currently a Non-Executive Director of Tilt Renewables. | 30/11/2023 - 30/11/2028 |
 | Mary Ploughman People and Culture Committee Chair | Investment Committee member Mary brings 30 years of leadership experience across financial services, capital markets, securitisation, mergers and acquisitions, governance and risk management. Her career spans roles with financial institutions, infrastructure and not-for-profit boards in Australia and New Zealand. Mary is an experienced CEO and Board member, with a background in both ASX-listed and publicly unlisted companies. She currently serves as Chair of Plenti Group, Non-Executive Director of Qualitas, Chair of Pitcher Partners and Homesafe Solutions and advisor to Indigenous Business Australia and Gresham Partners. Mary holds a Bachelor of Economics from the University of Sydney, is an Associate of the Securities Institute of Australia and graduate of the Australian Institute of Company Directors. | 30/11/2023 - 30/11/2028 |
 | Damien Tangey Audit and Risk Committee member | Investment Committee member Damien brings over 30 years’ experience across the property industry with expertise spanning housing, planning, valuation, infrastructure and policy. He has held leadership roles in the private, public and community housing sectors, including acting as Chair of the Victorian Planning Authority and Haven Home Safe. As the founder of Birchgrove, a regional Victorian business which has grown residential communities for over 20 years, Damien has contributed to the planning and delivery for several thousand homes. He holds a strategic understanding of the policy environment, regulatory frameworks and market dynamics that shape planning outcomes, housing delivery and affordability. Damien is a life member and former President of the Urban Development Institute of Australia (Victoria) and holds a Bachelor of Business (Property) from the RMIT University. He is an Associate of the Australian Property Institute and a graduate of the Australian Institute of Company Directors. | 18/12/2024 - 18/12/2029 |