Queensland Airports Limited (QAL) owns and operates Gold Coast Airport, Townsville Airport and Mount Isa Airport - three key airports in Queensland. The Infrastructure Fund (TIF), which Energy Super invests in, owned 36.7 percent of the QAL group as at 30 June 2011. The Infrastructure Fund is managed by Hastings Fund Management.
Energy Super members who have chosen to invest in the Stable, Capital Managed, Balanced and Growth Investment options have a portion of their funds invested in TIF.
Gold Coast Airport provides access to a major tourist destination and is the fifth busiest international airport in Australia. It has recently benefited from additional capacity via the addition of new routes and the successful completion of a terminal redevelopment and car park upgrade. The airport was awarded Best Regional Airport and Staff Service Excellence for the Australia-Pacific region at the Skytrax World Airport Awards in March 2011.
TIF initially acquired an interest in the Gold Coast Airport in 1998. In 2005, QAL acquired Townsville Airport and Mount Isa Airport.
Townsville Airport serves as North Queensland’s regional hub, supported by local military, government and industrial activity. Mount Isa Airport is the hub for the North West Queensland Mineral Province, servicing the local mining and commercial sectors.
Each of the three airports operates in distinct markets, which provides QAL with exposure to a range of demand drivers and a well diversified passenger mix across the business.
QAL is committed to developing the regional aviation industry in Queensland and the outlook for QAL Group airports is positive with continued growth expected over the foreseeable future.
This article has been brought to you by Hastings Funds Management (AFSL 238 309). Hastings Funds Management (Hastings) is a specialist infrastructure equity and alternative debt fund manager dedicated to delivering reliable, consistent and repeatable returns to a wide range of institutional and retail investors. Hastings has managed TIF since June 2000.
Past performance is not a reliable indicator of future performance.
Electricity Supply Industry Superannuation (Qld) Ltd (ABN 30 069 634 439 AFSL 336567), the Trustee of Energy Super (ABN 33 761 363 685), is the issuer of Energy Super products. Information about Energy Super products is contained in the relevant Product Disclosure Statement (PDS), copies of which are available by contacting us on 1300 4 ENERGY (1300 436 374) or from our website energysuper.com.au. You should consider the PDS in deciding whether to acquire, or continue to hold, an Energy Super product.
It is important to note that this article contains general information only. It does not take into account your specific objectives, financial circumstances or needs. You should consider whether the information is appropriate to your individual circumstances and obtain specific advice before making any decisions with respect to financial products.
The information in this article is up to date as at 1 October 2011. Some of the information can change from time to time and may not be up to date at the time you read it. While all due care and diligence has been taken in the preparation of this document, the Trustee reserves the right to correct any errors or omissions. Except insofar as liability under any statute cannot be excluded we accept no liability of any kind to any person who relies on this information.
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Electricity Supply Industry Superannuation (Qld) Ltd (ABN 30 069 634 439 AFSL 336567), the Trustee of Energy Super (ABN 33 761 363 685), is authorised to provide general financial advice on superannuation.
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