\u201cFocus on the member obligations we have and, therefore, focus on the portfolio we must construct for them as they move from (the accumulation) phase to the next phase (retirement).\u201d<\/p>\n
Former Victorian premier Daniel Andrews called on the super sector to use government investment vehicles such as the Clean Energy Finance Corporation or the National Reconstruction Fund.<\/p>\n
\u201c(Investment in) productivity challenges like housing, infrastructure, energy transition, water, or dare I say, pandemic preparedness \u2013 that\u2019s a wholly efficient and good repurposing of a portion of that national savings pool,\u201d Mr Andrews said.<\/p>\n
Labor has come under fire for attempting to influence super funds to invest in projects suited to the Albanese government\u2019s agenda, including green energy and housing.<\/p>\n
In 2024, Treasurer Jim Chalmers made changes to the $230 billion Future Fund to direct money into renewable energy, housing and infrastructure.<\/p>\n
It sparked backlash from a wide variety of figures<\/a>, including Mr Costello who was the treasurer when the fund was established, who said it was \u201cnever set up to be a political slush fund\u201d.<\/p>\n David Murray, the Future Fund\u2019s inaugural chairman, said the government\u2019s shift veered away from the original intention and \u201cundoes all the work\u201d which had been put into it since its inception.<\/p>\n \u201cIt was never the subject of politicisation of its investments,\u201d Mr Murray told Sky News in 2024.<\/p>\n Mr Chalmers also altered the objective of super “to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way”.<\/p>\n AustralianSuper boss Paul Schroder last year said government intervention into super was an \u201cutter disaster\u201d<\/a>.<\/p>\n Meanwhile, Mr Schroder said there was \u201cnothing worse than the prospect of government intervening in investment decision-making\u201d.<\/p>\n \u201cIn the Australian system, individual members carry the investment risk. You can’t then impose decisions about investments on them,\u201d Mr Schroder told Business Weekend in March 2025.<\/p>\n![\"Trump](\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2026\/07\/23bfcdbfb241bc910ececbbe4785bf69.jpeg\")
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