Jul 15, 2026 – 5.00amPrime Minister Anthony Albanese wants to leverage the country’s sprawling $4.5 trillion superannuation pool as a national asset, but the proposal drew sharp pushback from Westpac chief executive Anthony Miller, who urged the government against dictating the investment strategies of major funds.Albanese argued that billions of dollars in global investments from big super funds had already given the nation a leg-up in global diplomacy, furnishing “hard money to provide soft power”, and could also be used to further local ambitions.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Westpac chief tells government to stay out of super
Anthony Albanese wants to leverage the country’s $4.5 trillion superannuation pool as a national asset, but Anthony Miller has pushed back.
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