- increased international investment, particularly in infrastructure, supported by legislative developments such as conduit foreign income and foreign hybrids, but constrained by provisions such as Divisions 6B and 6C
- product developments and convergence, supported by fundamental superannuation reform, but with the new concerns of promoter penalties and the constant battle to rationalise legacy products
- capital management, examining both the raising and returning of capital, looking at buybacks, sophisticated capital raisings and tainting.