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

Australia: Sovereign fund only one option: Parkinson

Posted on 20 September 2011

Martin ParkinsonFederal Treasury Secretary Martin Parkinson says Australia would have to return the national budget to surplus before considering starting up a sovereign wealth fund.
The issue of a sovereign wealth fund has been under debate for many months, with suggestions it be built up with cash flowing from the mining boom, much like the sovereign wealth fund enjoyed by Norway which is based on oil revenue……………………………………….Full Article: Source


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