30 Second Survey - Sale of State Government Assets
The global financial crisis has created a major hole in the State Government's revenue. In an effort to balance the books ahead of the 16 June State Budget, the State Government has announced the sale of public assets.
In early June, Chamber of Commerce & Industry Queensland asked the business community for their reaction to the potential sale of public assets through a simple 30 second survey. The results are available below.
1. Does your business support the sale of State Government Owned Corporations?*
| No |
69.2% |
| Yes - unconditional |
3.3% |
| Yes - conditional upon sale price and sufficient service levels and pricing safeguards |
27.5% |
2. Which State Government revenue raising option does your business prefer?
| Do nothing |
0% |
| Sale of assets |
8.8% |
| Increase State taxes |
3.3% |
| Increase penalties, fees & charges |
4.4% |
| Find savings within Government |
83.5% |
3. How should the proceeds from any asset sale or increased efficiencies within State Government be used?
| Cutting State business taxes |
16.5% |
| Investing in infrastructure |
40.7% |
| Retiring debt |
34.1% |
| Maintaining existing State Government services |
8.8% |
*Government Owned Corporations include:
- Cairns Ports Limited
- CS Energy Ltd
- Energex Ltd
- Ergon Energy Corporation Ltd
- Gladstone Ports Corporation Limited
- Mackay Ports Limited
- Office of Government Owned Corporations
- Port of Brisbane Corporation
|
- Port of Townsville
- Ports Corporation of Queensland
- Powerlink Queensland
- Queensland Investment Corporation
- Queensland Rail Limited
- Stanwell Corporation Ltd
- SunWater
- Tarong Energy Corporation Ltd
|
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