Madeleine King (Brand, Australian Labor Party, Shadow Minister for Trade) Share this | Hansard source

I'll reflect briefly on our own investment super powerhouse, the superannuation savings of all Australian workers. It's a remarkable thing that just a few months ago assets under management in the Australian super system reached $3.4 trillion. Through every worker in Australia and their super contributions to this extraordinary pool of savings, it is now the fourth largest in the world. Every worker in this country has contributed to Australia becoming a true investment super power on the world stage. The investment capacity of this nation has a role to play in securing the infrastructure and economic development of the Indo-Pacific, investing in regional neighbours while supporting Australia's national interests.

It is indeed a virtuous circle: the investment of Aussie super into the economies of our neighbours builds a prosperous and peaceful neighbourhood, which in turn provides excellent opportunities for Australian exporters. In fact, Australian superannuation capital is on the path to join iron ore, natural gas and amazing red wine as a famous national export. Like foreign investment here, our own investments around the world are a sensible means to create jobs, raise living standards, increase prosperity and ensure peace across the region. Thank you, Deputy Speaker, for your indulgence.

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