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Fund chiefs descended on Parliament House for roundtable discussions as part of Labor’s push to have private money fund “nation building” investments.
The Hamton-Hostplus consortium is set to take on the next stage of its $2 billion redevelopment of Moonee Valley Racecourse, having secured a $295 million loan from ANZ.
To be known as the Super Members Council of Australia, the new body created by the Australian Institute of Superannuation Trustees (AIST) and Industry Super Australia (ISA) is hunting for a chief executive ahead of its official launch next month.
Under the merger 23,000 Maritime Super accounts will transition to Hostplus to bring its membership to over 1.7 million.
Hostplus and Maritime Super have finalised their merger, following a due diligence process that began with the signing of a successor funds transfer deed last December.