News

ETU boss demands answers on LNP leases

State Treasurer Tim Nicholls.
State Treasurer Tim Nicholls. Dave Hunt

GIVE US all the facts on your asset leasing program before the next election.

That is the gist of the letter Electrical Trades Union (ETU) state secretary Peter Simpson wrote to State Treasurer Tim Nicholls yesterday seeking answers to key questions about the LNP's asset leasing program.

The anger at the LNP's plans to lease state assets was on show in Ipswich on Saturday when a large crowd protested in front of Ipswich MP Ian Berry's office as part of a Not4Sale campaign across the state.

Mr Simpson said the ETU and Not4Sale campaign had researched how 50 to 99-year leases might work in practice and cited the example of South Australia where leasing of electricity assets amounted to "sale by stealth".

Apart from producing the highest prices in Australia, job cuts, overseas ownership and control and maintenance issues, Mr Simpson said the South Australian example revealed that the leaseholders literally acquire the networks one piece at a time.

"The terms of that lease...include a provision for any maintenance work undertaken by the new owners on any plant or equipment becoming the possession/asset of the new owners," Mr Simpson said.

"Any new lines, substations or infrastructure built or added to the network during the terms of the lease results in that infrastructure becoming the property of the new owners as well.

"The result being that over the term of the lease all of the infrastructure that was previously owned by the South Australian Government, and therefore the people, would ultimately become the property of the foreign owners."

Mr Simpson said "such a leasing scenario is a sale by another name, as even the Treasurer admitted in 2010" when on March 23, 2010 he made a telling comment in parliament about the Labor Party's then unpopular plans to lease assets.

"As anyone would know if they had observed the privatisation of assets, a 99-year lease is as good as giving away the farm, which is what is occurring here," Mr Nicholls said at the time.

Topics:  asset sales electrical trades union not4sale privatisation treasurer tim nicholls



Could Goodna trio be world's dumbest crims?

WATCHING: Police used a Safe City Camera to monitor suspects.

Safe City camera was watching activities of suspects

School to open with no student bus service

STALLED: A designated school bus service is not in place for a school opening at Bellbird Park.

New Bellbird Park Secondary College students left high and dry

Worst passengers: Are you one of these monsters?

Oh great, this guy is on my flight

This is why politicians fly first class.

Local Partners

Married at First Sight: M'boro dad to feature on reality TV

LOOKING FOR LOVE: Farmer Sean Hollands, 35, from Maryborough will feature on the upcoming new season of Married At First Sight.

A bull riding accident put everything into perspective for Sean.

Your guide to a great night out in Ipswich

Blue Suede will play Brothers Leagues Club on Sunday.

Here's the latest on the the city's live music scene

Spy trio hitting studio in 2017

GUITAR POP: Brisbane three-piece Dave is a Spy is made up of Fin Taylor, Sarah Bellamy and James Halpert.

Brisbane three-piece set for second EP

Your chance to drive like Magnum P.I.

Tom Selleck in Magnum P.I. with his trusty 'side-kick' Ferrari.

FERRARI that appeared on classic detective show goes to auction.

Ocean Sleeper discuss being 'Six Feet Down'.

Ocean Sleeper make waves with their new EP. Photo Contributed

Gippsland band shines at Unify

Bowie's final music EP No Plan released

NEW: Artwork for David Bowie's posthumous 2016 EP, No Plan.

David Bowie's 28th and final album

HOT PROPERTY: Money to spend on land, buildings

File picture.

Sale, leasing of industrial real estate picks up in Mackay

Collapsed Coast company could owe up to $5 million

Staff, ATO, landlords among those out of pocket.

Ipswich block of dirt sells for $582 a square metre

JUST SOLD: A property on the Brookwater golf course sold for a record-breaking $612,000.

Property smashed 2007 record by close to $100,000

Sunday auction for historical home

Former Catholic school sure to attract spirited bidding

Looking back, looking ahead in Noosa

NEVER-ENDING GLORY: Looking towards Laguna Bay and Hastings St from Noosa National Park.

Natural appeal of Noosa continues to attract buyers

Ready to SELL your property?

Post Your Ad Here!