Via The Australian:
South Australia’s claims that its investment standing has not suffered as a result of the planned bank tax have been challenged after a significant international investor said it had slashed its exposure to Australia because of growing political risk.
As the state’s upper house prepares to vote this week on the tax as part of a package of budget measures, the £48 billion ($82bn) Jupiter Fund Management revealed its Asian Income fund had sold down investments in Australian financial services “because of this proposal and concerns over federal government policies”.
