Media Release

Asset recycling model will help super funds invest in nation-building projects: ASFA

Published 28 March, 2014

Published 28 March, 2014

28 March 2014

Asset recycling model will help super funds invest in nation-building projects: ASFA

The Association of Superannuation Funds of Australia (ASFA) has welcomed the Treasurer’s announcement that the state treasurers are open to an incentivised capital recycling model to help meet Australia’s infrastructure needs.

ASFA CEO Ms Pauline Vamos says such a model will help facilitate superannuation fund investment in infrastructure, by providing a much-needed pipeline of investable projects.

“There’s no doubt superannuation funds have an appetite to invest in infrastructure, however investment has often been stifled due to a lack of suitable, available projects. Providing incentives to the states to recycle their infrastructure capital will help deliver a pipeline of projects which are a better fit for many superannuation fund portfolios.”

Ms Vamos says superannuation investment in infrastructure also benefits governments and the community.

“Superannuation funds are interested in achieving long-term, sustainable investment returns. This aligns with the interests of governments and the community, who want to ensure that these important assets are managed responsibly and for the long-term benefit of society.

“In addition, recycling this capital into new projects, where investors are less likely to take on the risk, will help fund the nation’s infrastructure needs.”

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.

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Daniel Mulino MP

Assistant Treasurer and Minister for Financial Services

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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.