How Australian workers' superannuation is funding new housing and property developments overseas
1 month, 2 weeks ago

How Australian workers' superannuation is funding new housing and property developments overseas

ABC  

Australians' hard-earned money is funding the construction of a mammoth "new town centre" development in London and helping to meet the city's housing shortage. The enormous Canada Water project promises 3,000 net-zero homes, office spaces for 20,000 workers and a lush retail precinct and it's just an example of international projects Australian superannuation funds are investing in. Nestled in between the network of freshwater docks and waterways in south-east London, the 21-hectare Canada Water features sizeable public spaces, pools, sports courts, retail and leisure spaces and the "first new town centre developed in the city in the last 50 years". Leading the delegation, Western Sydney Leadership Dialogue chairman Christopher Brown visited the Canada Water project and said Australia should be attracting more investment locally. "We'd like to see Australian superannuation funds investing Australian workers' money into affordable housing," he said.

London Housing Canada Property Water Investment Public Spaces Liverpool Project Funds Sydney Brown Australian Mr Brown Canada Water Moore Point Supplied Moore  housing  australian  canada  supplied  moore  investment  funding  project  superannuation  workers  property  overseas  water  funds  developments

History of this topic

AustralianSuper accused of greenwashing by investing funds from ethical option in coal, oil and gas industries
5 months, 4 weeks ago

AustralianSuper accused of greenwashing by investing funds from ethical option in coal, oil and gas industries

ABC  

When Paul Bourne signed up to AustralianSuper's Socially Aware option six years ago, he was lured by its promise not to invest in companies that own fossil fuel reserves. While AustralianSuper's Socially Aware option excludes investments in shares and bonds issued by fossil fuel companies, it has no restrictions on other types of assets like property, infrastructure projects and direct …

Labor wants to revamp superannuation, but does it have workers' interests in mind?
1 year, 10 months ago

Labor wants to revamp superannuation, but does it have workers' interests in mind?

ABC  

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How federal budget superannuation changes could increase your nest egg
3 years, 8 months ago

How federal budget superannuation changes could increase your nest egg

ABC  

Employers will have to dish out more funds to pay millions of Australians' higher compulsory superannuation under new changes announced in the federal budget. Super Consumers Australia director Xavier O'Halloran says the $450 a month threshold is an "archaic rule from a paper-based era that left some people not receiving any super for the hours they worked every week". Industry …

Contributions to your super are set to get a boost next year — but coronavirus could send the plan off the rails
4 years, 4 months ago

Contributions to your super are set to get a boost next year — but coronavirus could send the plan off the rails

ABC  

For nearly 30 years, Australian governments have been working to get the percentage of your wage that employers must contribute to your retirement savings to 12 per cent. Here's what that looks like: Period General super guarantee July 1, 2002 - June 30, 2013 9 July 1, 2013 - June 30, 2014 9.25 July 1, 2014 - June 30, 2021 …

Five questions about superannuation the Federal Government's new inquiry must ask
5 years, 3 months ago

Five questions about superannuation the Federal Government's new inquiry must ask

ABC  

The government's new retirement incomes review will need to work quickly. In 2014, more than 20 years after compulsory super began, the Murray Financial System Review asked the government to set a clear objective for it, and two years later the government came up with one, enshrined in a bill entitled the Superannuation Bill 2016. The bill lapsed, but the …

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