Rest calls for superannuation performance test reforms

The $99 billion superannuation fund called for reforms to the superannuation performance test to cater for emerging areas.

- Eliza Bavin

In its submission to the government's Economic Roundtable, Rest has called for reforms to the superannuation performance test among a range of other measures.

In its submission, Rest said the superannuation performance test needs to be reformed to cater for emerging areas, including the energy transition, decarbonisation, affordable housing and possibly other emerging local industries.

"This is an essential reform to encourage investment in economy-enhancing local businesses and infrastructure," Rest said.

The super fund added that the government should ensure that any future reform to the regulation of private markets does not unduly hinder participation in private markets by super fund investors.