Financial investment from First State Super will be used to build a world class standard academy for Fire and Rescue NSW.
First State Super chief executive, Michael Dwyer, said that the investment would be aimed specifically at the developing areas in Sydney's West and will be of tangible benefit to the community.
"Through our investment, firefighters will have access to an extensive range of training equipment and technology that will better equip them to respond to the dangerous challenges they face as they serve regional and metropolitan areas," he said.
"First State Super is proud to investing in this new facility that will provide our firefighters with a state-of-the-art training environment and deliver benefits to the burgeoning Western Sydney district… it will provide tangible benefits to the community now and secure strong investment returns to build retirement savings for the future."
As Australia gears up for the May budget, Treasurer Jim Chalmers has shed light on the significant global economic challenges that are shaping the nation’s fiscal decisions.
The Reserve Bank of Australia has held rates in its March meeting, but for the first time in a while, economists rejoiced in a perceived “dovish” tone from the bank.
The central bank has announced its second interest rate decision since a major revamp.
The central bank has announced its first interest rate decision since a major revamp, which will see the board meet eight times a year instead of the original 11.
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