14.01.2013 - Future fund mentioned in February last year is in progress at last
Former prime minister John Howard built a future fund during the boom period of the early 2000s and fossil fuel-rich Norway has a sovereign wealth fund which quarantines royalties for future generations. A State Government spokesman said "some internal work" had been conducted on progressing the future fund concept, but it was likely outside experts would soon be called in. "The Government is now looking to commission a firm to provide advice on the establishment of a future fund and how it should sit in Government," he said...............................................Full Article: Source
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