| Summary of trade sales managed by the Commonwealth * | Sale Proceeds ($m) |
|---|---|
| April 1988 Commonwealth Accommodation and Catering Services |
14.9 |
| November 1988 Defence Service House Corporation Loan Portfolio |
1,515 |
| June 1989 AMDEL |
0.92 |
| May 1991 Australian Defence Force Home Loan Franchise |
42 (plus annual commission payments) |
| June 1991 Commonwealth Housing Loan Assistance Schemes in the ACT |
47.3 |
| September 1992 Australian Airlines |
400 |
| March 1993 25% of Qantas |
665 |
| November 1993 Snowy Mountains Engineering Corporation |
1.5 |
| June 1994 Moomba-Sydney Pipeline System |
534 |
| June 1994 Commonwealth Uranium Stockpile |
57 |
| June 1995 Aerospace Technologies of Australia Pty Ltd |
40 |
| December 1996 Commonwealth Funds Management |
62.5 |
| January 1997 Avalon Airport Geelong Ltd |
1.5 (plus annual lease payments) |
| May 1997 Phase 1 Airports
|
3,337 |
| July 1997 DASFLEET |
408 |
| September 1997 Australian Industry Development Corporation Ltd (sale included provision of a $3,200m pool of Commonwealth bonds to repay equivalent amount in Commonwealth guaranteed borrowings as they fall due) |
155 |
| November 1997 Australian National Railways Commission |
95.4 |
| October/November 1997 Department of Administrative Services
|
28.9 |
| December 1997 Housing Loans Insurance Corporation |
108 |
| February 1998 Former Macleod Repatriation Hospital site |
1.75 |
| April 1998 Australian Multimedia Enterprises Ltd |
29.3 (capital return) |
| April 1998 Phase 2 Airports (Adelaide; Alice Springs; Canberra; Coolangatta; Darwin; Hobart; Launceston; Mt Isa; Parafield; Tennant Creek; and Townsville; Archerfield; Jandakot and Moorabbin) |
730.8 |
| June 1998 Auscript |
1.1 |
| March 1999 National Transmission Network |
650 |
| December 1998 - May 1999 Australian River Co. (formerly ANL Ltd) |
20.697 |
| November 1999 ADI Ltd |
346.78 |
| January 2000 Removals Australia |
10.4 |
| April 2000 AWRAP (Australian Wool Research and Promotion) |
(corporatisation and industry restructure) |
| September 2001 Essendon Airport Ltd |
22.044 |
| February 2002 Combined sale of National Rail Corporation Ltd and NSW's Freight Rail Corporation ($1172m total transaction value) |
220 |
| June 2002 Sale of Sydney (Kingsford Smith) Airport ($1355m of SACL debt repaid in addition) |
4233 |
| December 2003 Sale of Sydney Basin Airports (Bankstown, Camden and Hoxton Park) |
211.0 |
| June 2004 ComLand Limited ($25.3m of ComLand debt repaid in addition) |
139.7 |
| Share Offers managed by the Commonwealth | Share Offer Proceeds ($b) |
|---|---|
| October 1993 Commonwealth Bank Secondary Public Share Offer (2) |
1.7 |
| June 1994 CSL (former Commonwealth Serum Laboratories) Public Share Offer |
0.3 |
| July 1995 Qantas Public Share Offer |
1.4 |
| July 1996 Commonwealth Bank Secondary Public Share Offer (3) and share buy back |
5.1 |
| November 1997 Telstra 1 |
14.2 (plus $3 billion payment to the Commonwealth from retained earnings) |
| October 1999 Telstra 2 |
16.0 |
| November 2006 Telstra 3 |
15.4 |
| Scoping Study | Details |
|---|---|
| Medibank Private, ComLand & Defence Housing Authority - Scoping Studies | On 14 May 2002 the Minister for Finance and Administration, Senator Nick Minchin, announced scoping studies into Medibank Private Ltd (MPL), ComLand Ltd and the assets of Defence Housing Authority (DHA).Following receipt of the scoping study reports, the Australian Government announced:
|
| Albury-Wodonga Development Corporation (AWDC) - Scoping Study | The Minister for Finance and Administration, Senator the Hon. Nick Minchin, announced on 13 May 2003 that the Australian Government would undertake a scoping study into the future of the Albury-Wodonga Development Corporation (AWDC). On 27 June 2005, the Hon. Dr Sharman Stone MP, Parliamentary Secretary to the Minister for Finance and Administration, announced the following outcomes of the scoping study:
|
| Medibank Private - Scoping Study Update | The Minister for Finance and Administration, Senator the Hon. Nick Minchin, announced on 16 August 2005 that the Government would review its ownership of Medibank Private Limited and update the 2003 scoping study into the possible sale of the company. On 6 September 2005 Senator Minchin announced that Carnegie, Wylie & Company had been appointed as Business Adviser to the update of the scoping study. The update of the 2003 scoping study examined the operation and structure of Medibank Private, analysed the industry and policy environment in which it operates, and considered options for the Commonwealth's future ownership of the company. The scoping study update was presented to the Government in December 2005. |
- 'Asset Sales commenced in 1987 with the Task Force on Asset Sales established in the then Department of Finance. In 1996 the function was transferred to the newly established Office of Asset Sales. The Office had a number of name changes, firstly to the Office of Asset Sales and IT Outsourcing (OASITO) and lastly to the Office of Asset Sales and Commercial Support (OASACS). In December 2001 OASACS was abolished and the asset sales function transferred back to the Department of Finance and Administration.
