Media Release

Legislation will encourage more super investment in housing

Published 14 September, 2023

Published 14 September, 2023

14 September 2023

Legislation will encourage more super investment in housing

The Association of Superannuation Funds of Australia (ASFA) said the passage of the Housing Australia Future Fund legislation through the Parliament today was an important step towards increasing the supply of much needed social and affordable housing.

ASFA notes the Government will introduce several measures to increase the supply of social and affordable housing across the country, including increasing the Government-guaranteed liability cap of housing bonds.

“Superannuation funds are investing in bond issuances used to fund affordable housing and an increase in the level of bonds on issue will encourage further investment,” said ASFA Deputy CEO Glen McCrea.

ASFA also welcomed a report last week by the National Housing Supply and Affordability Council on the barriers to institutional investment in housing, following consultation with stakeholders including ASFA.

The report highlights several of the key barriers to increased investment in housing by superannuation funds and explores policy options to address these and develop a market for institutional housing more commonly seen in overseas jurisdictions.

“Almost twelve months ago to the day, ASFA held a roundtable with government to begin a dialogue on these important issues. We are encouraged by the progress that is being made and we look forward to continuing to work with government to create pathways for investment in superannuation fund members’ best financial interests,” concluded Mr McCrea.

For further information, please contact:
ASFA Media team: 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. ASFA’s mission is to continuously improve the superannuation system, so all Australians can enjoy a comfortable and dignified retirement.

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.