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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, People

Norris goes in to bat for sovereign fund

Posted on 10 February 2011

Roger CorbettFrom Brisbanetimes.com.au: Ralph Norris has re-opened the debate over a resource sector super profits tax by calling for a Norwegian-style sovereign wealth fund to ensure Australia does not squander the windfall from the mining boom.
The comments by the Commonwealth Bank of Australia boss add to calls by a sprinkling of business figures, including the Reserve Bank member and Fairfax Media chairman, Roger Corbett, for the government to start locking up some of the revenue from resource exports for future generations……………………………………….Full Article: Source


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