“This is forecast to exceed $6 trillion over the next 20 years. There is a significant pool of funds that can be used to boost investment and create jobs,” said a Palmer United spokesperson.

The Palmer United Party stated that their position is that a portion of the superannuation collected in Australia “should be spent in Australia to create jobs”.

“This could be achieved through being mandated in the legislation,” said the political party.

“[Alternatively] people can be incentivised to invest in Australian assets by not offering a tax benefit to any money that is invested from superannuation in overseas assets/interests.”