NSW Government spearheads new privatisation push

NSW Treasurer, Dominic Perrottet, is leading renewed calls for the federal government to reinstate the Abbott Government’s “asset recycling” program to provide states with financial incentives to reinvest the proceeds of asset sales into new infrastructure projects:

On Thursday, the state Treasurers will meet among themselves and Mr Perrottet said he would seek support for the states, as a collective, to push federal Treasurer Josh Frydenberg to reintroduce asset recycling.

The initiative was first introduced by then-treasurer Joe Hockey in 2014 and involved the Commonwealth paying 15 per cent of the cost of an infrastructure project from a $5 billion fund if the state was funding it from the proceeds of an asset privatisation…

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