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"The Lowy Institute was founded in 2003 by Slovakian-born, Australian-Israeli billionaire businessman Sir Frank Lowy.[2] Lowy, a veteran of the 1947–1949 Palestine war,[2] and close associate of two former Israeli prime ministers,[2] emigrated to Australia and founded Westfield Corporation, a global shopping centre company; he retains a key role in various shopping centres in Australia and New Zealand.

The institute receives funds from the Australian government through the Department of Foreign Affairs and Trade, Department of Defence, and the Department of Home Affairs. Companies which provide funding include BHP, Capital Group, Rio Tinto, and Rothschild & Co.[8]

The institute publishes polls, white papers and rankings on various international affairs subjects—particularly regarding Australia and the Asia-Pacific region—and advocates for a proactive and globally engaged Australian foreign policy. It hosts conferences, seminars and other events. Its annual Lowy Lecture is the institute's "signature event", where a "prominent individual", from Australia or abroad, comments on Australia's global role and on global influences on Australia.[4]

The institute has hosted presentations by every Australian prime minister since 2003, as well as the NATO Secretary General, U.S, Vice-President Joe Biden, United Kingdom prime minister Boris Johnson, and various other Australian and foreign leaders.[4][9]

The institute commonly meets and interacts with Australian officials, and with visiting international leaders, and is a source of influence on Australian government."