Govt should protect Australian infrastructure assets

27 September 2012
| By Staff |
image
image
expand image

Governments and superannuation funds should join hands to keep Australian infrastructure assets in the hands of locals, according to Mark Vaile, director on the investment committee for Palisade Investment Partners infrastructure fund.

He said governments could take on more risk to meet super funds halfway by either underwriting returns at the 10-year government bond rate with a set return floor, or by offering a "liquidity window" for the super fund to draw on to alleviate overprovision of capital.

While Australians are looking for infrastructure opportunities overseas, foreign investors are also targeting Australian assets, Vaile said.

"It would be a shame if the Government can't work together with Australian superannuation funds to keep assets in the hands of Australians," he said. 

Speaking at SuperRatings' Day of Confrontation conference, Vaile said Garry Weaven from Industry Funds Management had the right idea - to create a partnership model for private entities to bid for assets at the planning stage.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

10 months 2 weeks ago
Kevin Gorman

Super director remuneration ...

10 months 3 weeks ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

10 months 3 weeks ago

The central bank has served up a disappointment for punters on Melbourne Cup Day....

1 hour 56 minutes ago

The fund’s inaugural chief retirement officer is looking to establish a new venture. ...

6 hours 44 minutes ago

The sovereign wealth fund remains cautious of the impact of high inflation as it announces a strong return in its latest update....

1 day ago