Joint Media Release with Treasurer The Hon Jim Chalmers MP
Leading investors have committed to work closely with the government to unlock more private sector capital in key areas like housing and cleaner and cheaper energy at the fourth Treasurer's Investor Roundtable in Canberra today.
Investing in our national priorities presents big opportunities for investors and big opportunities for Australians.
Today's roundtable brings together some of the most influential investors in the country to get capital flowing to where it's needed most in our economy.
The discussions follow on from the first Treasurer's Investor Roundtable on housing held in late 2022, the second roundtable on the net zero transformation in early 2023 and the third roundtable on energy, defence and social impact investment in late 2023.
Participants at today's roundtables included some of the nation's largest investors representing nearly $3 trillion in capital.
Roundtable outcomes
Housing
- Banks, superannuation funds and other institutional investors will work together with industry to address barriers to financing modern methods of construction, in particular, pre-fabricated housing, at scale.
- Treasurer's Investor Roundtable members will provide advice by June 2025 outlining options that can be implemented to get capital moving in the sector.
- The Albanese Government will fund a Voluntary Certification Scheme to simplify the process to get prefabricated housing approved under the National Construction Code.
- Participants endorsed the government's ambitious plan to build 1.2 million new, well-located homes and committed to get capital moving in the housing sector. They agreed to work with the government helping states and territories clear bottlenecks and cut red tape preventing construction and deterring new investment.
Front door
- The government will establish an Investor Council to support better coordination of investment in national priorities under the Front Door for investment, which will be up and running by September 2025.
- It will enable better information sharing, coordination and identification of barriers to investment by regularly convening key government agencies and investment vehicles, including:
- Australian Renewable Energy Agency
- Clean Energy Finance Corporation
- Export Finance Australia
- Housing Australia
- National Reconstruction Fund
- Northern Australia Infrastructure Facility
- Regional Investment Corporation
- Future Fund
- Net Zero Economy Agency
- AusTrade
Cleaner and cheaper energy
- Institutional investors will continue to look for opportunities to deliver the necessary capital to transform Australia's energy system by 2050 and endorsed the government's target of 82 per cent renewable electricity by 2030, as part of a new Energy Compact.
- As part of this Compact, investors expressed support for the Australian Energy Market Operator's Integrated System Plan as a roadmap for investment in Australia's energy transformation.
This is all about the best returns for investors and the best outcomes for Australians.
Labor's economic agenda is engineered to incentivise and unlock investment where we need it most in our economy and that's the idea of the Treasurer's Investor Roundtables.
We'll continue to work closely with the investor community to get more capital flowing towards our national priorities like housing and energy.
