Submission – ASIC discussion paper, Australia’s evolving capital markets

This SMC submission is in response to ASIC’s discussion paper, Australia’s evolving capital markets: A discussion paper on the dynamics between public and private markets.

It details the longstanding investment in private markets by super funds, which has delivered higher net returns and often lower risk than comparable listed asset classes. It outlines the ways in which risk is mitigated diligently, and the already rigorous regulatory oversight on superannuation trustees.

It also sets out the importance of stronger collaboration and data sharing between the key regulators
to avoid duplication and support an accurate characterisation of policy issues.