THE EVOLUTION OF THE LPA - SELLING OUT AUSTRALIA December 1996 Commonwealth Funds Management #SOLD for $62.5 million January 1997 Avalon Airport Geelong Ltd #SOLD for $1.5 million +annual lease payments May 1997 Phase 1 Airports (Melbourne, Brisbane, Perth) #SOLD for $3,337 million July 1997 DASFLEET #SOLD for $408 million September 1997 Australian Industry Development Corporation Ltd #SOLD for $155 million November 1997 Australian National Railways Commission #SOLD for $95.4 million October/November 1997 Department of Administrative Services (Asset Services, Australian Operational Support Services, Australian Property Group, DAS Centre for Environmental Management, DAS Distribution, DAS Interiors, WORKS Australia) #SOLD for $28.9 million December 1997 Housing Loans Insurance Corporation #SOLD for $108 million February 1998 Former Macleod Repatriation Hospital site #SOLD for $1.75 million April 1998 Australian Multimedia Enterprises Ltd #SOLD for $29.3 million April 1998 Phase 2 Airports (Adelaide; Alice Springs; Canberra; Coolangatta; Darwin; Hobart; Launceston; Mt Isa; Parafield; Tennant Creek; and Townsville; Archerfield; Jandakot and Moorabbin) #SOLD for $730.8 million June 1998 Auscript #SOLD for $1.1 million March 1999 National Transmission Network #SOLD for $650 million December 1998 - May 1999 Australian River Co. (formerly ANL Ltd) #SOLD for $20.697 million November 1999 ADI Ltd #SOLD for $346.78 million January 2000 Removals Australia #SOLD for $10.4 million April 2000 AWRAP (Australian Wool Research and Promotion) (corporatisation and industry restructure) September 2001 Essendon Airport Ltd #SOLD for $22.044 million February 2002 Combined sale of National Rail Corporation Ltd and NSWs Freight Rail Corporation ($1172m total transaction value) #SOLD for $220 million June 2002 Sale of Sydney (Kingsford Smith) Airport #SOLD for $4233 million December 2003 Sale of Sydney Basin Airports (Bankstown, Camden and Hoxton Park) #SOLD for $211 million June 2004 ComLand Limited #SOLD for $139.7 million July 1996 Commonwealth Bank Secondary Public Share Offer (3) and share buy back #SOLD for $5.1 BILLION November 1997 Telstra 1 #SOLD for $14.2 BILLION October 1999 Telstra 2 #SOLD for $16 BILLION November 2006 Telstra 3 #SOLD for $15.4 BILLION When Tony Abbott stepped up to claim victory for the Coalition he declared Australia was “under new management and once more open for business”. Abbott and Hockey have offered the nations states and territories incentive payments of 15 per cent of the value of any asset they sell. November 2014 Medibank Private #SOLD for 5.7 BILLION Australia Post and the nations air traffic control agency Airservices Australia will join Medibank Private as candidates for sale.
Posted on: Sun, 04 Jan 2015 01:06:18 +0000