Industry WIKI

The Department of Finance is a department of the Australian Government that is responsible for assisting the government across a wide range of policy areas to ensure its outcomes are met, particularly with regard to expenditure, fiscal management and operations of government.

A sovereign wealth fund (SWF), or sovereign investment fund, is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity funds or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign exchange reser