Quantcast
au iconAU

 

 

Banks, super funds reject PM's $1b business growth fund

Two of the nation's biggest banks and the largest super funds have rebuffed Prime Minister Scott Morrison's pledge of a $1 billion small business growth fund, putting the government's forecasts in doubt.

Banks, super funds reject PM's $1b business growth fund
smsfadviser logo
Banks, super funds reject PM's $1b business growth fund

On Tuesday, Mr Morrison announced a $100 million investment from government to seed the fund and the amount has been matched by the Commonwealth Bank of Australia, National Australia Bank and HSBC bank.

Read more at The Age

Subscribe to Public Accountant

Receive the latest news, opinion and features directly to your inbox