FEAR & GREED | Business News Q+A: How $4.3 trillion in super boosts our 'arsenal of influence'
Oct 29, 2025
Treasurer Daniel Mookhey of New South Wales dives into the staggering $4.3 trillion superannuation sector, highlighting its potential as a tool for global influence. He discusses the advantages of Australia’s workforce and technology in attracting international fund managers. Mookhey also debates the need for flexibility in local investments and how Australia’s savings can tackle global challenges. Additionally, he praises Kevin Rudd's diplomatic efforts, linking finance and international relations in a compelling narrative.
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Super Funds Are A Global Power
- Australia’s super system has grown to $4.3 trillion and could approach $12 trillion in a decade.
- That scale gives Australia disproportionate global financial influence and investment leverage.
Attract Global Funds To Scale Locally
- Invite global fund managers to scale up operations in Sydney and New South Wales.
- Promote local hubs so they manage regional capital from Australia rather than overseas.
Too Much Capital For Domestic Assets
- Australia will have more domestic capital than it can absorb, causing money to flow offshore.
- That outward investment helps fund retirements and creates regional opportunities for Australian managers.