The budget's promise of mass investment in Australian infrastructure and sell-offs of public assets has been welcomed by the superannuation industry.
Industry Super Australia's director of public Affairs Matt Linden said the initiatives - including $50 billion in federal funding - would be welcomed by super funds, which would partner with governments to invest in the infrastructure Australia was crying out for.
That included the $5 billion Asset Recycling Initiative to privatise public assets, he said.
"Industry SuperFunds have been pioneers in investing in infrastructure, and stand ready to invest an additional $15 billion over the next five years if appropriate deals can be brought to market," he said.
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