Thu, Oct 30, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

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

Australia opposition not keen on wealth fund

Posted on 06 May 2011

The case for Australia to establish a new sovereign wealth fund to lock away proceeds from the mining boom is premature and the country is already well served by a massive pension savings pool, opposition Treasurer Joe Hockey said, dealing a major blow to calls for the government to set up a new fund.

The remarks by Hockey, one of Australia’s most influential politicians, come after a rush of calls in recent weeks from lawmakers, policy makers and others for the government to mirror the policy of country’s such as oil-rich Norway and invest the proceeds of a once-in-a-century mining boom……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 15057 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031