Both the Planning Institute of Australia and the Property Council of Australia voiced strong backing for the bill during the inquiry, which Steggall said had received about 6,200 submissions. Simon O’Connor, the chief executive of the Responsible Investment Association Australasia, said policy uncertainty was risking a loss of billions of dollars in investment across multiple sectors. The association has 350 members, including superannuation funds and investment managers, which collectively manage about $9tn of assets globally. O’Connor said parliament should consider the bill, which was a “strong step” in creating the certainty for investors that would help unlock billions more in investment.