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The A$53bn industry fund says it may have to invest over shorter time horizons if the early withdrawal scheme is extended, despite a desire to extend its ag portfolio.
Australia, farm, windmill
The coronavirus-induced recession has prompted concerns the country could emulate New Zealand’s restrictive and lengthy approvals process in the long term.
Estimates suggest that anywhere between A$27bn and A$50bn could be withdrawn from superannuation funds, but there should be adequate liquidity in the system to cope.
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