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

Australia: Shorten dismisses sovereign funds as ‘elitist’

Posted on 30 May 2011

David MurrayAssistant Treasurer Bill Shorten does not believe tying up money from the government’s proposed mining tax in a sovereign wealth fund is a sensible idea.
The Organisation for Economic Cooperation and Development has previously recommended that Australia should not spend the proceeds of the planned minerals resource rent tax (MRRT), instead placing it in a sovereign wealth fund……………………………………….Full Article: Source


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