Daniel Kemp
Senator Jane Hume, assistant minister for superannuation, argues that the early super withdrawal scheme has gone ‘exceptionally well’ to date with only 0.5% of the whole system’s assets withdrawn.
Opposition from within the governing coalition has led to the project being placed on the backburner until after the general election in September.
The vehicle follows the $3.3bn Macquarie Asia Infrastructure Fund II, which was the largest Asia-focused infrastructure fund ever raised at the time of its close in 2018.
The A$52bn superfund has replaced outgoing head of infra Diana Callebaut, who left to join NSW Treasury Corporation earlier this year.
‘We believe visibility and confidence in the recovery are unlikely before the end of 2020’, S&P Global Ratings said.
One of the new rules includes lowering the threshold that would trigger a FIRB review of foreign investment in infrastructure assets from A$275m to A$0.
Infrastructure assets are ‘particularly susceptible’ to community distrust and social licence should be considered at all stages of a project to combat this, says a report by think-tank Infrastructure Partnerships Australia.
The Australian fund manager agreed to a joint bid after a JV between ICG and OMERS built up a 17.61% stake in Zenith Energy and was likely to block PEP's solo bid.
Palisade said it has been exploring hydrogen opportunities for some time and hopes to have 100 hydrogen-powered buses on Australian roads within 12 months.
Investor Group on Climate Change calls for an ‘integrated and robust national policy suite’ on climate change to help support private investment.