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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Profile/New Launches

Australia Treasury shoots down sovereign fund talk

Posted on 08 March 2012

Martin ParkinsonAustralian Treasury Secretary Martin Parkinson Wednesday shot down arguments for the country to establish a sovereign wealth fund, or SWF, after the debate was again stirred by resource-rich Western Australia state pressing ahead with its own plans such a fund.
“An SWF does not constitute a contribution to future fiscal sustainability,” said Parkinson, speaking at a business lunch in Sydney………………………………………..Full Article: Source


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