QLD Premier asset sales admission - 7 News

tinyurl.com Patrick Lion Courier Mail February 02, 2010 11:00pm ANNA Bligh has admitted she was handed an asset sale blueprint five months before the state election but insisted she did not make a decision until after the poll. The Premier yesterday admitted an October 2008 Treasury discussion paper outlined privatisation as one of several options to tackle the state's freefalling Budget position. But Ms Bligh insisted the paper presented to the Cabinet Budget Review Committee recommended against proceeding with asset sales at the time because the economic conditions would discourage potential buyers. Pressure mounted on the Government to release the document last night after Ms Bligh backflipped on an earlier promise to release the page relating to asset sales. She had earlier selectively quoted from the document, saying Treasury proposed privatisation involving "a number of" assets but recommended against the option. She quoted the document as saying: "The timing of asset sales needs to have regard to the state of both equity and debt markets. Current market conditions are not conducive to a large asset sales program." But she would not detail the proposal, including the assets involved. Asked why the CBRC paper she was quoting from could not be released in full, Ms Bligh said: "I am very happy to quote from it and I'm happy to provide you with the page with this quote in relation to asset sales." But her office last night said "the page" was only her notes from the ...



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