Australia opens access to infrastructure investment

clock •

AUSTRALIA - The Government has signalled its desire to encourage superannuation fund and private sector investment in infrastructure projects in its 2011-2012 budget by proposing to remove tax impediments, reduce sovereign risk and increase transparency around the pipeline of proposed projects.

The superannuation industry welcomed the moves announced by Treasurer Wayne Swan on Tuesday, which will also improve the governance structure around Infrastructure Australia (IA), the statutory bod...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Australia

Australia

Bill introduced to increase contribution rate to 12%

AUSTRALIA - The wheels were finally set in motion to raise the contribution limit in Australia to 12% from 9% with the introduction of a new bill today.

Jenny Cosgrave
clock 02 November 2011 •
Australia

Australian Future Fund returns -2.9% in third quarter

AUSTRALIA - The A$73.2bn ($78.2bn) Future Fund lost 2.9% in the third quarter, though moves to decrease equity exposures helped stave off more drastic losses.

Jaishree Kalia
clock 28 October 2011 •
Australia

Australian super falls for the fifth month

AUSTRALIA - The median balanced superannuation fund has fallen for the fifth consecutive month returning -1.8%, -4.9% for the September quarter and -3.8% for the past year, SuperRatings finds.

Jaishree Kalia
clock 21 October 2011 •
Trustpilot