Australia's Coaltion Government Prepares for Privatization Bent

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PrairieDemocrat15
Australia's Coaltion Government Prepares for Privatization Bent

Australian Prime Minister Tony Abbott's conservative Coalition government is preparing to divest hundreds of billions of government-owned companies and infrastructure, including massive Commonwealth owned-businesses like Medibank Private (health, life, and travel insurance company) and Australia Post (mail, courier, banking services, and insurance company). The Commonwealth government is also meeting with State governments (all but two of which are controlled by the Coalition) to encourage them (with financial incentives) to sell some of their assets (which include electric and water utilities, sea ports, and toll roads).

http://online.wsj.com/article/BT-CO-20140212-703814.html

Makes Harper look like a pussycat.

 

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PrairieDemocrat15

More links: http://www.abc.net.au/news/2014-02-13/australia-post-selloff-possible-sa...

http://www.theaustralian.com.au/national-affairs/state-politics/power-sa...

The second link is mainly about the NSW State government's selling of two electricity-generating stations, but the last few paragraphs talk about how the Commonwealth (federal) government might induce State governments to sell assest.