Of the 5000-plus submissions received by fledgling Treasurer Wayne Swan as he prepares his maiden Budget, one from the Investment and Financial Services Association (IFSA) is likely to carry some weight.

The group - which represents 140 members managing $1.3 trillion - is spruiking Australia's potential as an export hub of financial services on the back of a skilled workforce, sound regulatory regime and the size of funds under management.

CEO Richard Gilbert says the group will also push for new tax treaties as "critical to giving Australia a strong competitive international position".

"Our proposals will result in better outcomes for both Australian and non-resident investors and particularly for the greater utilisation of Australian funds under management, life insurance and related services."