During the ASFA Investment Interchange, recently held in Wollongong, Mr Noble said that one of the key challenges facing the investment community around the world was an overly passive culture.
“With super funds showing more interest than ever before in investing in infrastructure projects, and governments increasingly willing to let the private sector step in, now is the time to start a dialogue about how this can be modelled in a way that delivers the best outcomes for fund members,” said Mr Noble.
Chairman of the SMART Infrastructure Facility Advisory Council, Dr Ken Henry, said the government needs to adopt a national approach towards developing “a robust long-term pipeline of infrastructure projects”.
AustralianSuper and ASXboard member Ms Heather Ridout called on the industry to take a more active role in helping the government develop a pipeline for transfer-ready projects.
"Industry and government has to stop talking and actually do something about it," Ms Ridout said.
SMART CEO Garry Bowditch encouraged the industry to actively participate in conversations with the government about the future of Australia's infrastructure investment.
"There is a very serious conversation to be had, so make your voices heard," Mr Bowditch said.
Mr Noble also recently noted Australian super funds were among the first in the world to invest in infrastructure and that funds were invested in infrastructure assets across the country, but expressed concern the non-liquid nature of the investments may present a challenge, with ageing members requiring greater access to investments for pension payments.
