Australia’s ‘regional hub’ dream stymied by tax system

Managers were attracted to Australia by the size of the domestic investment market, its stable economy and political system, the sophistication of the funds management industry and its accommodating business environment. The size of the investment market, and the skills demonstrated by its participants, were the strongest drawcards. Interestingly, lifestyle was not a major attraction. Other countries in the region also held strong drawcards, chiefly the size of their investment pools, their tax system and rates, and legal and regulatory frameworks. Despite the offers of government assistance being made by other Asia- Pacific jurisdictions, respondents said such help would not be a key factor in their decisions. Opportunity Australia is run by Conexus Financial, publisher of Investment & Technology, and is supported by Austrade.

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The AI boom has left super funds with nowhere to run

Whenever super fund CIOs are asked what they’re doing about AI risk, “diversifying” is always the answer. But as cross-portfolio exposures to the thematic grow and grow, that answer is no longer good enough.

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