Federal Treasurer Jim Chalmers has laid down a new agenda for the $3.4 trillion superannuation sector that he hopes will steer part of its vast pool of capital toward nation building investments in housing and clean energy., told a roundtable of business leaders in Sydney overseeing $3 trillion in investment capital that super played a role “investing in our national priorities” and “addressing some of our most formidable economic challenges”.
“This is a society that can’t house its own children,” Mr Keating said. “If super funds just think they can go buy tech stocks in America and highways in Italy, they’re going to run into trouble. Without being heavy-handed, there is a requirement of the funds to look at social opportunities.
“We are very conscious that we have to deliver returns which our members have come to expect, because we have delivered for members returns over the last 10 to 15 years of 8 or 9 per cent, which is extraordinary – and that is what is built in.” The gathering would include super investors, banks and venture capital funds to nut-out policy on housing, energy and social impact investing, while also “working out the best place for the government’s own co-investment funds”, including in green power, advanced manufacturing and supply chains.The treasurer’s investment roundtable would be a “genuine attempt to treat super as a potential space for common ground and not just another political battlefield”, Dr Chalmers said.
Hands off my Super. What's the tax money for?
So how does billionaire Orange Pratt win….more logging advantages.
building super for public housing wont be a good investment as the tenants r poor The rent is low n the cost of strata levy is costly $1200/qtr
Sureeee