Shorten canvasses super infrastructure investment

1 October 2013
| By Mike |
image
image
expand image

Former Minister for Financial Services and Superannuation, Bill Shorten, has canvassed a future Labor Government altering the tax settings to encourage superannuation funds to invest in infrastructure. 

Shorten, who is now vying with Anthony Albanese for leadership of the Parliamentary Australian Labor Party, told the ABC’s Q&A program on Monday night that he believed superannuation funds could play a positive role in infrastructure investment in Australia. 

Further, he said a future Government could alter the settings or provide Government guarantees which would make it more attractive for super funds to undertake such investments. 

His comments have come at the same time as the Association of Superannuation Funds of Australia (ASFA) suggested that more self-managed superannuation funds (SMSFs) could get involved in infrastructure investment if more liquid products became available.

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. ...

11 months ago
Kevin Gorman

Super director remuneration ...

11 months 1 week 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 ...

11 months 1 week ago

Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Co...

1 day 11 hours ago

Demand from institutional investors was the main driver of growth in Australia’s responsible investment (RI) market in 2023, as the industry continued to gain momentum....

1 day 11 hours ago

In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges....

1 day 12 hours ago