Qld premier rejects privatisation claims 20160421 p5u9nm.html – Breaking News & Latest Updates 2026
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Qld premier rejects privatisation claims

AAP

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Queensland Premier Annastacia Palaszczuk has rejected suggestions her government is considering "privatisation by stealth" to help raise new infrastructure funding.

Treasury officials late last year approached overseas pension funds for billions in investment in state-owned electricity assets in exchange for a guaranteed income stream over time, The Australian reports.

Opposition Leader Lawrence Springborg asked Ms Palaszczuk in parliament on Thursday whether the plan to sell the government-owned corporations' future profits was "privatisation by stealth".

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Ms Palaszczuk responded by ruling out the plan altogether.

"That is simply not the case," Ms Palaszczuk said.

When pressed further in parliament about Labor's consideration of the plan, Ms Palaszczuk said: "As I've stated very clearly, we are not".

Labor was able to claim a shock narrow victory at last year's election on the back of its anti-privatisation platform.

"Let me make it very clear," the premier told parliament on Thursday.

"My government will not be selling the assets that the people of Queensland put their faith in us to uphold."

The Australian reported Under Treasurer Jim Murphy had canvassed a plan to raise funds through Powerlink, Energex and Ergon to US and Canadian pension funds.

The opposition was also considering a privatisation model that would see the Queensland Investment Corporation use cash in its public servants' pension fund to buy a 49 per cent stake in Powerlink, the newspaper said.

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