PRIVATIZATION – GOVERNMENT POLICY – WESTERN AUSTRALIA

WA in $16b asset sale to fix budget

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Original article by Julie-anne Sprague, Tess Ingram
The Australian Financial Review – Page: 1 & 8 : 13-May-16

The Western Australian Government’s May 2016 Budget forecasts that the state’s deficit will blow out to $A3.9bn in 2017, while net debt will rise above $A40bn by 2019. Treasurer Mike Nahan has flagged plans to privatise some $A16bn worth of state assets, including Western Power, the TAB and Fremantle Ports. Nahan has stressed the need for asset sales to reduce the Budget deficit and to invest in new infrastructure.

CORPORATES
WESTERN AUSTRALIA. DEPT OF TREASURY AND FINANCE, WESTERN POWER CORPORATION, TOTALIZATOR AGENCY BOARD (WESTERN AUSTRALIA), FREMANTLE PORTS, HORIZON POWER, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, STANDARD AND POOR’S CORPORATION

Tatts, Tabcorp jockey to win race for last state-owned TAB

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Original article by Perry Williams
The Australian Financial Review – Page: 13 & 14 : 8-Jan-16

Australian and international wagering groups are expected to be interested in acquiring Western Australia’s TAB, although the State Government has given no indication as to when the sale will proceed. Tabcorp Holdings and Tatts Group are regarded as the frontrunners to acquire the TAB, although the Kerry Stokes-backed Seven West Media may also be a bidder. Western Australia is the only state that has not yet privatised its TAB.

CORPORATES
TABCORP HOLDINGS LIMITED – ASX TAH, TATTS GROUP LIMITED – ASX TTS, SEVEN WEST MEDIA LIMITED – ASX SWM, TOTALIZATOR AGENCY BOARD (WESTERN AUSTRALIA), WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET, WESTERN AUSTRALIA. DEPT OF TREASURY AND FINANCE, RACING REPRESENTATIVE GROUP