Too little information on ETS
Australia's property investment industry needs more information on the implications of potential changes resulting from carbon emissions legislation, according to research conducted by the Australian Property Institute (API) and the Australian Direct Property Investment Association (ADPIA).
The research, conducted during a recent conference, found that while the vast majority of respondents (93 per cent) believe increased costs and taxes as a result of new legislation was an important factor, they also acknowledge having limited or no understanding of the issue.
Comments attaching to the survey suggested that respondents believe it was very difficult to find information and that the industry needed clarity on the proposed legislation.
ADPIA vice president Adam Murchie said there was bound to be legislative change in the future and that the property industry needed to create a platform that could engage government and industry.
"As an industry, it is imperative that we engage with the right stakeholders to make meaningful progress on issues of sustainability," he said.
AUTHOR
Mike Taylor
Recommended for you
Including the superannuation sector in CSLR does not achieve the goal of shared responsibility and fairness given the root cause of the misconduct often lies elsewhere, the head of the SMSFA said.
Super funds have continued their growth streak, with the median growth fund on pace for a healthy calendar year return.
ASFA has called for targeted reforms to close the superannuation trust gap among culturally and linguistically diverse Australians.
Former ASIC and APRA leaders launch a conflict-free model to meet rising prudential expectations.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
211.16 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
121.06 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Smarter Money Long-Short Credit Investor USD
68.96 3 y p.a(%)
