Queensland is rushing to offload assets in an effort to take rewards offered by the Abbott Government
Queensland is rushing to offload assets in an effort to take rewards offered by the Abbott Government john mccutcheon

Queensland rushing for Hockey's asset sale rewards

QUEENSLAND is in a race with New South Wales to access the federal government's 'first in, first served' $5 billion asset recycling initiative.

The fund, announced by federal Treasurer Joe Hockey in last year's budget from money it hopes to raise in its own asset sales, namely Medibank Private, rewards states who sell or lease assets with a 15 per cent contribution to "nation building" infrastructure.

But the pool is offered on a first come, first served basis.

The Queensland and New South Wales governments had already indicated their plan to offload assets.

The federal government announcement sped up the process, with a senior government source hinting it was one of the reason's Queensland was headed to the polls by the month's end, two months ahead of schedule.

NSW's fixed terms means it will head to the polls on March 28. 

 

Read more at Brisbane Times



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