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Shorten canvasses super infrastructure investment
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.
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