Privatisation ruled out for Australia Post

Home / Privatisation ruled out for Australia Post
After much speculation Australia Post would be amongst the many public entities sold off in the Abbott government’s budget sale, Finance Minister Mathias Cormann announced yesterday that the vital service would not be sold.

 

“We have decided not to proceed with the sale of Australia Post,” Senator Cormann told Senate estimates on Wednesday. “We have [also] decided not to proceed with the sale of ASC [formerly the Australian Submarine Corporation].”

The Australian Competition and Consumer Commission chairman and the government’s Commission of Audit both recommended the privatisation of Australia Post along with Snowy Hydro, the National Electricity Market, Australian Hearing, the Defence Housing Authority, and the Australia Submarine Corporation.

 

The news is welcomed by regional and rural communities as privatisation could see the end of costly postal deliveries to these areas.

Leave a Comment

Facebook Feed

1 day ago

Quickmail

When mailing a brochure, writing "saves you 3 times as much" or "5 times faster than the competition" will add credibility to an ordinary headline. Use an actual number, don't spell it. ... See MoreSee Less

View on Facebook

3 days ago

Quickmail

Try to picture that person in your mind. It could be your spouse, your boss, your competitor. Your letter shouldn't be a speech, it should be a one-to-one communication, even if it's being mailed to a million people. ... See MoreSee Less

View on Facebook