Daniel Kemp
Treasurer Dominic Perrottet announces a scoping study with proceeds to be reinvested in infrastructure in a continuation of the state’s asset recycling programme.
The two funds, which both count public-sector workers among their membership, say a merger will lead to stronger returns and lower fees for members.
Infrastructure Australia has put an emphasis on resilience in its 2020 Priority List, but investors note that there are high levels of competition for a limited number of assets.
The Australian Energy Market Commission rejected calls from investors to move to average loss factors in a ruling that 'undermines the energy transition underway'.
The Energy Security Board cautioned that the ability of investors to efficiently manage risk to support investment decisions was at a ‘critical’ level, its highest rating of concern.
Competition watchdog finds airports made record profits in 2018-2019 and was critical of the current monitoring framework for a lack of effective oversight.
The debate over marginal loss factors may see some short-term resolution next week – but the wider conversation about reform to Australia’s National Electricity Market still has some way to run.
