Australia does have an SWF, the Future Fund - it is one of the top dozen in the world by size: http://en.wikipedia.org/wiki/Australian_Government_Future_Fund h

Australia does have an SWF, the Future Fund - it is one of the top dozen in the world by size: http://en.wikipedia.org/wiki/Australian_Government_Future_Fund http://en.wikipedia.org/wiki/Australian_Government_Future_Fu... Although the current government would like to impose a new resources tax (and a carbon tax) and spend it all as part of budget rather than banking it in the fund (which was mostly financed by the privatization of national telecom)