Original article by Phillip Coorey
The Australian Financial Review – Page: 5 : 20-Jun-14
The Australian Government’s asset recycling policy will reward state governments for privatisations if they use the gains to invest in new infrastructure. They will be paid a Federal Government contribution of 15%, and Treasurer Joe Hockey has asked the Commonwealth Grants Commission to ignore this bonus when it allocates goods and services tax revenue. He will also rely on appropriation from general revenue for the scheme, meaning he does not need to seek legislative approval in the hostile Senate
CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. COMMONWEALTH GRANTS COMMISSION, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS