As his final year in parliament wraps up, Mike Nahan reflects on his passion for free-market values, a guiding force during his time as state treasurer.
Treasurer Mike Nahan hopes to raise $16 billion from an expanded asset sales program, with Western Power and Horizon Power's Pilbara transmission lines now targeted but two other assets unexpectedly removed from the government's sell-off list.
The state government's privatisation program hit more trouble today, with a mining lobby group that represents the users of the Utah Point wharf condemning a lack of consultation on the proposed sale. It follows a move by the National Party on Tuesday to refer the sale legislation to a parliamentary committee.
The corporate watchdog has told the public to steer clear of a potential scam website that uses the same registered business name and the same business number as the recently privatised Market City.
Former Skilled Group executive David Timmel has been appointed to the top job at Perth Markets, the newly formed company that has acquired the Perth Market Authority's Market City.
Sydney-based GrainCorp has emerged as a cornerstone investor in a bid to corporatise and list CBH Group, through a complex deal that would deliver up to $1 billion in cash plus share
A public sector wage freeze, amalgamations of major departments and a reform of health would be key moves to fix the state government's worsening debt position, according to Chamber of Commerce and Industry of WA's pre-budget draft submission.
The state government has completed the first in a series of planned asset sales, announcing that it has concluded negotiations with an industry consortium to purchase the Perth Market Authority's Market City.
There is little immediate prospect of the state government expanding its current $5 billion asset sales program, despite Premier Colin Barnett seeming to flirt with the possibility this week.
The state government's asset sales program has taken a step forward today, with Gresham Advisory Partners appointed as lead adviser for the partial sale of Keystart's loan book.
The state government has flagged more asset sales after its mid-year budget update confirmed deepening financial problems, with the annual deficit worse than expected and state debt tipped to reach an unprecedented $39 billion.
An industry consortium led by members of the Chamber of Fruit and Vegetable Industries in WA has been selected as the preferred bidder for Market City, putting the state government a step closer to its first major asset sale.
Approval has been granted for the first in a series of state government asset sales, with legislation to sell Market City passing parliament after a debate that went until almost dawn.
The Perth Market Authority's Market City is set to be the first major transaction in the state government's asset recycling program, as expressions of interest in the fruit and vegetable wholesaler closed with a number of potential bidders.
After a decade of strong population and economic growth, debate continues as to the best ways to fund the state's future infrastructure needs. Business News has compiled a list of the biggest state government assets that could be sold in future to fund infrastructure.
A recovery in economic growth, a raft of asset sales, and improved GST distribution will help lift the state's finances out of their current parlous position; or at least that's the hope outlined i
The state government is aiming to collect up to $5 billion from a vastly expanded privatisation program that includes Fremantle Ports, the TAB, office buildings, residential land estates, Keystart loans, houses, plantations and power stations.
The state government has split the advisory roles for the first tranche of its asset sales program as it starts a sell down process that it hopes will relieve its difficult budget position.
Perth's investment banking sector is jockeying for position to sell Canning Vale Market City, Utah Point in Port Hedland and the Kwinana Bulk Terminal, the first assets to be sold off to reduce the
Treasurer Mike Nahan says the government could generate proceeds of up to $3 billion through the sale of several assets earmarked in the budget as candidates for privatisation.
