A government official today outlined the current shape of the sovereign wealth fund (SWF), which will receive all future petroleum and mining revenues.
The fund was first mooted a few years ago, and the government has since assembled a very capable team to develop a framework and legislation.
Legislation was passed in early 2012 that locks in the structural architecture of the fund, said Deputy Secretary of the Department of Treasury, Anthony Yauieb, at the PNG Mining and Petroleum Conference in Sydney.
The
