Big news just now. The Bligh government has abolished the fuel subsidy with effect from 1 July, and announced the sale of a huge range of asset s, with QR coal freight, Port of Brisbane and others to be privatised.
I support the first of these measures (with marginal regret that they didn’t take up my idea for a phase-out starting five years ago when I first put it up).
As for the asset sales, they need to be evaluated on a case by case basis. A crucial requirement is a high reserve price and a willingness to retain the asset in public ownership if this price is not realised. In the current environment, the government’s estimates look optimistic, but I haven’t seen any detail yet.
A detailed response to come, when I get a free moment.
Update: I just did an interview for 7:30 report, so you may get to hear a minute or so of my thoughts on the subject tonight