First Peoples
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The resources boom, structural change and 'closing the gap'
Australia's mining boom heralds an unprecedented opportunity to establish a sovereign wealth fund that can be used to help eliminate indigenous disadvantage.
Australia is experiencing what may be the largest and longest commodities boom in its history. Through a sovereign wealth fund built on budget surpluses generated by the boom, we could tackle some of our most intractable problems, including the cost of an ageing population, the transition to a low-carbon economy and the stubborn reality of Indigenous disadvantage. We have an unprecedented opportunity. But do we have the foresight to take it?
