Media Release

Asset sales a good match for superannuation funds: ASFA

Published 3 June, 2014

Published 3 June, 2014

3 June 2014

Asset sales a good match for superannuation funds: ASFA

The Queensland Government’s proposal to offer the Gladstone and Townsville ports for lease, along with the sale of other assets, will provide attractive investments for superannuation funds, according to the Association of Superannuation Funds of Australia (ASFA).

ASFA CEO Ms Pauline Vamos says these types of infrastructure projects can be a good fit for the investment needs of superannuation funds. In particular, as more fund members move into retirement and begin drawing down on their accounts, assets that deliver reliable income streams will become more attractive.

“Super funds have a strong appetite and a solid history of investing in infrastructure in circumstances where the risk-return profile of the asset is a good match for the fund’s investment strategy. The Queensland Government’s focus on privatising assets may help deliver a range of suitable projects to superannuation funds, which stand ready and willing to invest today, as well as plan for future investments.

“There is an alignment between the interests of super funds, the community and governments. Most of the community are members of funds, so when assets are transferred into a fund’s hands, they effectively remain owned by the community.

“Importantly, as funds look to achieve long-term stable returns, this will help ensure that assets are managed responsibly and for the long-term benefit of the community.

“The freeing up of capital will also allow the Government to pay down debt and invest in new infrastructure projects, which will no doubt have long-term benefits for the people of Queensland,” Ms Vamos concluded.

For further information, please contact:

Lisa Chikarovski, Media Manager, 0451 949 300.

About ASFA

ASFA is the peak policy, research and advocacy body for Australia’s superannuation industry. It is a not-for-profit, sector-neutral, and non-party political national organisation, which aims to advance effective retirement outcomes for members of funds through research, advocacy and the development of policy and industry best practice.

Acknowledgement of Country

We want to respectfully acknowledge the Traditional Owners and Custodians of these lands, seas, and waters throughout Australia. We pay our respects to Elders both past and present. We acknowledge the history, the resilience and the continual contributions of Aboriginal and Torres Strait Islander peoples of their Country.

ABN 29 002 786 290

Daniel Mulino MP

Assistant Treasurer and Minister for Financial Services

Sessions

Keynote 8 – Navigating the energy transition: opportunities, investor strategies and policy needs

Born in Brindisi, Italy, Daniel was a young child when he moved with his family to Australia. He grew up in Canberra and completed his first degrees – arts and law – at the ANU. He then completed a Master of Economics (University of Sydney) and a PhD in economics from Yale.

He lectured at Monash University, was an economic adviser in the Gillard government and was a Victorian MP from 2014 to 2018. As Parliamentary Secretary to the Treasurer of Victoria, Daniel helped deliver major infrastructure projects and developed innovative financing structures for community projects.

In 2018 he was preselected for the new federal seat of Fraser and became its first MP at the 2019 election, re-elected in 2022 and 2025. From 2022 to 2025, Daniel was chair of the House of Representatives’ Standing Economics Committee in which he chaired inquiries; economic dynamism, competition and business formation and insurers’ responses to 2022 major floods claims.

In 2025, he became the Assistant Treasurer and Minister for Financial Services.

In August 2022, Daniel published ‘Safety Net: The Future of Welfare in Australia’, which aims to explore the ways in which an insurance approach can improve the effectiveness of government service delivery.