The Association of Superannuation Funds of Australia (ASFA) welcomes the draft report on public infrastructure, released by the Productivity Commission today.
The conversation regarding the role of superannuation funds in financing Australian infrastructure projects is an important one, and it is encouraging to see that the Commission is interested in addressing the impediments to such investment.
Facilitating investment will require an innovative approach, particularly when it comes to developing debt instruments for infrastructure investment that deliver good outcomes for superannuation fund members.
International examples demonstrate that it is possible to stimulate capital markets through financial innovation, which is why ASFA said it urges the Government to use the upcoming Federal Budget to explain its thinking on the development of a project finance
market. Such a market would help facilitate superannuation fund investment in infrastructure.
We will consider the draft report in detail and respond in due course.
For further information, please contact:
Lisa Chikarovski, Media Manager, 0451 949 300.
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.