The PRI welcomes the Australian Treasury’s efforts to improve the performance test to remove unintended barriers to investments and to ensure that the test is fit for purpose to deliver strong member outcomes.
The PRI welcomes the Australian Treasury’s efforts to improve the performance test to remove unintended barriers to investments and to ensure that the test is fit for purpose to deliver strong member outcomes. As a global association supporting institutional investors committed to responsible investment, the views and recommendations presented in this consultation submission reflect PRI’s recent analysis on how governments can shape policies to support their economic transition objectives. We will therefore provide high-level and general feedback and encourage Treasury to refer to submissions from Australian local investor organisations to provide more detailed feedback on the draft guidance.
The PRI’s primary recommendation to Treasury is to connect superannuation investment reform to broader enabling policies that support the investment of patient private capital in sectors driving the Australian government’s economic transition.
Read our full response below.
