The Victorian government admits it is not completely immune from the fallout of the collapse of US investment bank Lehman Brothers.
Speaking to reporters today, acting Premier Rob Hulls said the bank's collapse was a "substantial issue''.
"But I think we have the fundamentals right in this state, but it would be foolhardy to think that we are immune from global economic conditions.
"We're not, but I think we are as well protected as we can be in this state,'' Mr Hulls said. "I do notice that (Treasurer) Wayne Swan fairly recently said that our banks are fairly well capitalised and well regulated and he is of the view that we don't have the same sort of problems that face the US.''
Mr Hulls said the latest national account figures showed Victoria recorded ``pretty healthy'' economic growth, at 4.9%, higher than the Australian result of 4.2%.
The state opposition has released a list of eight Victorian entities it said were exposed to the Lehman Brothers collapse.
They are: Western Health, Northern Health, Goulburn Valley Health, Benalla and District Memorial Hospital, Gippsland Ports, East Gippsland TAFE, Metropolitan Ambulance Service and the First Mildura Irrigation Trust.
A spokesman for the opposition said the Liberal Party used its own research to discover the liability of the Victorian companies.
The values of their exposure fluctuates, he said, but the total runs into the millions of dollars.
Earlier, South Australian Treasurer Kevin Foley said the state had minimal exposure to Lehman.
He said he had asked for detailed advice on the impact of locally managed super funds following the move by the 158-year-old bank to file for Chapter 11 bankruptcy protection from its creditors.
"In recent days I've asked for advice from our funds management company, that manages about $15 billion in state government superannuation assets,'' Mr Foley told ABC radio.
"The initial advice is that if we have any (exposure), it's minimal.
"I can't put a number on it but if anything it would be under $10 million.
Mr Foley said the bigger issue surrounding the bank's collapse was the wider impact it would have on world economies, including Australia.
AAP
