Establish a Western Australia Sovereign Wealth Fund to Secure Our Future and Transform Perth into a Global City
Western Australia is endowed with abundant natural resources and has long been a major contributor to Australia’s economy through minerals, energy, and resource exports. However, long-term prosperity cannot rely on finite resources being spent year-to-year. The future of Western Australia depends on how wisely we invest today’s wealth for tomorrow.

We are calling on the Western Australian Government to establish — or significantly expand and strengthen — a Western Australia Sovereign Wealth Fund (WASWF) to secure intergenerational prosperity and elevate Perth into a truly global city.

 
Learning from the World’s Best: The Norway Model
Norway’s Government Pension Fund Global demonstrates how resource wealth can be transformed into permanent national prosperity. By investing oil and gas revenues and only spending the investment returns, Norway has created one of the largest and most successful sovereign wealth funds in the world — benefiting both current and future generations.

Western Australia has a similar opportunity. By adopting a disciplined, transparent, and professionally managed model, WA can ensure that the wealth generated from its minerals and natural resources fuels long-term economic growth, rather than being lost to short-term budget cycles.

 
A Smart, Sustainable Funding Rule
A WASWF could be built responsibly and without fiscal shock by:

Committing 3–5% of total WA Government revenue each year into the fund
Investing those funds globally and locally
Using only the annual investment distributions, not the principal
Over time, this would allow the fund to grow to a scale where its returns could generate more income than any single revenue source, reducing reliance on volatile royalties and strengthening WA’s financial independence.

 
Transforming Perth into a Global Tourism Destination
With strategic investment from the WASWF, Perth could become a world-class destination by:

Bringing Formula 1 to Western Australia, placing Perth on the global sporting calendar
Actively pursuing landmark attractions such as Disneyland or Universal Studios, leveraging WA’s space, climate, and Asia-Pacific location
Developing iconic entertainment, cultural, and waterfront precincts that rival cities like Singapore, Abu Dhabi, and Los Angeles
These investments would create long-term jobs, international visibility, and sustained tourism growth.

 
Building the Best Transport System in the World
Perth has the rare advantage of space and a growing population — allowing us to design infrastructure properly the first time.

A WASWF could help fund:

A next-generation public transport network with world-leading rail and automated systems
A globally competitive airport, comparable to Singapore Changi — efficient, iconic, and a destination in itself
Seamless connections between the city, airport, and regional WA
This is about building infrastructure for the next 50–100 years, not short-term fixes.

 
Attracting Global Headquarters to Perth
Western Australia sits strategically between Europe, Asia, and the Americas — yet remains underrepresented as a global corporate hub.

A sovereign wealth fund could be used to:

Offer free or heavily subsidised land to major global companies
Develop purpose-built headquarters and innovation precincts
Attract world leaders in technology, energy, finance, logistics, and advanced manufacturing
This would create high-skill, high-paying jobs and permanently lift WA’s economic standing.

 
Investing in People and Long-Term Prosperity
Beyond infrastructure and tourism, a WASWF could fund:

World-class education and skills development
Innovation and technology industries
Healthcare improvements and future-proof services
Economic diversification beyond mining
This would strengthen Perth’s livability while preparing WA’s workforce for a more globalised, technology-driven economy.

 
Why This Matters
Western Australia has the resources, land, capital, and opportunity to think bigger than short-term budgets.

A Western Australia Sovereign Wealth Fund would:

Protect the state from boom-and-bust cycles
Generate permanent income for public services
Diversify the economy
Transform Perth into a global city
Ensure future generations benefit from today’s resources
This approach is proven, responsible, and visionary.

 
We Call on the WA Government to:
Establish a Western Australia Sovereign Wealth Fund
Commit 3–5% of annual state revenue into the fund
Enshrine a distributions-only spending rule
Ensure strong governance, transparency, and professional management
Use the fund strategically to secure WA’s long-term prosperity and global future
Sign this petition if you believe Western Australia should invest smarter, plan longer, and build a future worthy of its potential.