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SUPERANNUATION: Development bank needed for Rudd’s nation-building

Patrick J. ByrneNov 8, 20085 min read

A German-style government-backed development bank could channel low-interest loans into new small and medium enterprises and national infrastructure projects, writes Patrick J. Byrne.A development bank would be an appropriate vehicle for channelling superannuation funds into infrastructure.There are over $1 trillion in Australian superannuation funds, minus losses from the recent economic turmoil. As it was federal legislation that required the 9 per cent compulsory…

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