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spoonalious | 3 years ago

There is one: https://www.futurefund.gov.au/

discuss

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hyperionplays|3 years ago

it got raided by successive governments and the royalties we charge are tiny relative to other nations.

For example: Australian Gas consumers pay more to use natural gas in Australia, than people in Japan, using Australian LNG.

consumer451|3 years ago

> For example: Australian Gas consumers pay more to use natural gas in Australia, than people in Japan, using Australian LNG.

Would it be fair to call that blatant corruption, or could some argument be made that it is not?

EdwardDiego|3 years ago

I'm a Kiwi, and our cheese is cheaper in Perth than anywhere in NZ...

...I feel like our governments had the same neoliberal consultants come in.

rr808|3 years ago

I'd have to see a source for all three of those claims to believe it.

Grimburger|3 years ago

The future fund exists solely to pay public servant pensions and even then by it's own account it won't be enough to fund expected liabilities, the average person will never see a cent of it.