Making investments in critical domestic infrastructure projects assessible and attractive to Australians with money in superannuation can accelerate the country’s economic recovery, according to the Financial Services Council (FSC).
FSC chief executive, Sally Loane, said the new Australian Superannuation Infrastructure Investment Vehicles (ASIIVs) would unlock around $1.7 trillion in choice and self-managed superannuation funds (SMSFs) for infrastructure projects from investments who today had limited access to them.
Loane said democratising investment in critical domestic infrastructure developments made the projects attractive and accessible to those with money in super.
“ASIIVs will allow National Cabinet to turbocharge asset recycling programs by selling assets into a common vehicle to finance new job-creating infrastructure projects. They will also enable the creation of tailored vehicles for greenfield projects, such as community housing,” she said.
To help economic recovery, the FSC also recommended that the National Cabinet:
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