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Inquiry launched into agriculture investment

Inquiry launched into agriculture investment

Tim Stewart
— 1 minute read

The Coalition has launched a new inquiry that will investigate barriers to increased investment in agriculture by superannuation funds.

The inquiry, titled Superannuation fund investment in agriculture, will be led by House Standing Committee on Agriculture and Water Resources chair Rick Wilson MP.

Mr Wilson, who is the Federal member for the Western Australia electorate of O'Connor, said the agricultural sector needs "much more investment if it wants to remain competitive, and the superannuation industry is an obvious source of that".

According to the inquiry's terms of reference, the committee will inquire and report on whether:

  • there are any regulatory requirements imposed on superannuation funds by ASIC, APRA and any other relevant regulators, which are acting as a barrier to superannuation fund investment in Australian agriculture;
  • the information required by the superannuation funds in order to invest in Australian agriculture is readily available, and if not, what statistical performance reporting of the agricultural sector is necessary; and
  • there are any other practical barriers to superannuation fund investment in Australian agriculture.

The inquiry has invited submissions from interested parties.

 

Inquiry launched into agriculture investment
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