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Australia for Financial Services

Australia for Financial Services. The Australian Economy. Overview Average annual GDP growth rate since 1998 of 3.3% Survived the Asian Financial Crisis, 2001 Dot-Com Bubble, and GFC without a single period of recession 1.3% growth during the GFC

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Australia for Financial Services

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  1. Australia for Financial Services

  2. The Australian Economy • Overview • Average annual GDP growth rate since 1998 of 3.3% • Survived the Asian Financial Crisis, 2001 Dot-Com Bubble, and GFC without a single period of recession • 1.3% growth during the GFC • 2nd most resilient economy in the world to economic cycles

  3. Australia’s Pension System • Overview • Over USD1.4 trillion FUM • USD1.8 trillion FUA • 4th largest pool of managed investment funds in the world. • Larger than Hong Kong, Singapore and the UK • Australia’s pension system ranked 2nd on the basis of sustainability, integrity and adequacy

  4. Australia’s Banking Sector • Overview • Australia’s four largest banks are AA rated • ANZ Banking Group and National Australia Bank are both headquartered in Melbourne • Our banks are globally connected • 5th most transparent financial institutions in the world ANZ Global Headquarters, Docklands Precinct, Melbourne, Victoria, Australia

  5. Skilled Workforce • Overview • 4th highest level of finance skills in the world • 7th best education system to meet the needs of a competitive economy • 1st for inbound foreign tertiary students per 1000 inhabitants • Growing Islamic Finance skills base • Multilingual, globally connected workforce Source: OECD, Tertiary level education attainment for age group 25-64, Nov 2009

  6. Islamic Finance in Australia • Trends & Opportunities • Capital diversification • Growing need for infrastructure financing • Growing market for ethical investment • Growing economic connections between Australia and the South East Asian region

  7. Victorian Economy • Overview • Melbourne is the state capital of Victoria • Victoria holds a AAA credit rating • Average annual compound growth rate since 1998 of 3.2%, more than comparable states such as NSW and SA • Victoria’s economy is larger than Singapore’s, Ireland’s and Malaysia’s • Budget surplus for the last 10 years

  8. Victorian Financial Services • Victoria is home to: • 60% of Australia’s industry pension funds • 7 out of 10 of the largest industry funds • Australia’s $75 billion sovereign fund • The States Government’s $35 billion fund • 3 of Australia’s top 5 banks • 8 of Australia’s 15 pension funds listed in the P&I/TW Global Top 300 Pension Fund report. *Estimated figure as reported in the Tower Watson’s 2010 P&I/TW Top 300 Funds report

  9. Victorian Government Assistance Victorian Government Business Offices

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