The Albanese government wants super funds to have greater involvement in funding affordable housing, a move that may challenge the obligations placed on trustees.
editor-in-chief Michael Stutchbury, AustralianSuper chairman Don Russell, UniSuper CEO Peter Chun, IFM Investors CEO David Neal, Future Fund CEO Raphael Arndt, Aware Super CEO Deanne Stewart, AI Group CEO Innes Willox, AIA Australia CIO Alison Murray, and Visy finance director Vin O’Halloran.
“There’s a great opportunity to further leverage these institutions, for the good of Australian policyholders and shareholders, and most importantly, Australian jobs and investment that is nation-building. “We’ll do that after a heap of consultation. But we’re interested in starting to work on what comes after that. What else do you think we could responsibly do on climate financing, energy transition financing, with a role for super and some kind of role for government as well?”
However, this would add another layer of complexity to the challenge of encouraging increased investment in build-to-rent and social housing, as well as increased cost. The suggestion here is that the billions of dollars sitting in government-owned entities – including the Clean Energy Finance Corporation, the Future Fund and the Northern Australia Infrastructure Facility – can be enlisted to serve the energy transition and increased investment in residential housing.
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