Western Australia could secure projects worth $1 billion under a reduced renewable energy target, although there is conjecture as to whether the final terms will be business friendly enough.
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
Western Australian government net debt is forecast to peak at $35 billion in 2017-18, but Treasurer Mike Nahan is confident that asset sales and a lagged rebound in GST revenue will help pay it back.
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 is utilising rarely used powers under the Corporations Act to take control of $1.7 billion owed to creditors of the failed Bell Group and ensure a big slice of that money is distributed to Western Australian taxpayers through the Insurance Commission of WA.
The state government will introduce legislation into parliament tomorrow designed to finalise the long-running Bell Group legal case, in which the Insurance Commission of WA and other creditors are fighting over a $1.7 billion payout.
Perth Airport chairman and Curtin University chancellor Colin Beckett has taken the role as head of the Western Power board, with Iluka Resources chair Greg Martin appointed as his deputy.
The state and federal governments have committed a combined $14.9 million to widen Kwinana Freeway southbound along a 3 kilometre stretch from Armadale Road to Russell Road.
Western Australia subsidised federal spending in other states by around $120 billion dollars during the decade to 2012-13, continuing a trend started after Australia abandoned protectionism in the 1980s.
The private sector is developing light rail projects on the Gold Coast and in Sydney, and there is no shortage of investors, builders and operators able to do the same in Perth.
State Treasurer Mike Nahan has blasted the eastern states for their inability to come to what he considers a fair agreement on the distribution of the GST, and defended the state government's record on economic reform, touting independent public schools and the usage of public private partnerships as two key examples.
The peak body representing Australia's electricity generators, retailers and poles and wire networks has warned changes to WA's electricity market need to keep new investors in mind.
Energy Minister Mike Nahan's announcement earlier this week of the government's planned introduction of greater competition to the electricity sector has already spurred the growth prospects of one market entrant.
The state government has announced its intention to phase out its $500 million-plus annual electricity subsidy within the next four years, paving the way for deregulation allowing households to buy their electricity and gas from competing suppliers.
‘What is the difference between a steel wheel and a rubber wheel?' That has been one of the responses offered to (over)simplify the debate over light rail and bus rapid transit in Perth.
The state government has outlined a plan to rein in IT spending, which currently exceeds $1 billion, on the back of Treasurer Mike Nahan's pledge to make the public sector leaner.
Asset sales, cost cutting and restructuring are under way across WA, creating opportunities for professional services firms. Click through to see details of more than 30 privatisation deals in WA, from 1961 to the present day.
The delivery of the state government's budget will be delayed one week to account for uncertainty in the distribution of the GST, Treasurer Mike Nahan announced today.
Treasurer Mike Nahan, who is coming up on a year in the job later this month, spoke to an audience of nearly 500 at a Business News Success & Leadership breakfast last week.
Treasurer Mike Nahan has reiterated the state government's commitment to return to surplus by 2016-17, but has pledged not to do it by hitting families or businesses, at today's Business News Success and Leadership breakfast.
Carnegie Wave Energy has switched on its innovative CETO power plant, which will provide renewable electricity to the HMAS Stirling naval base on Garden Island.
The North West Shelf's six joint venture partners have yet to declare their hand as a deadline for ending their joint gas marketing agreement draws near.
Three consortia have been shortlisted to come up with detailed proposals for Western Australia's first public private partnership for schools, with the winner to design, build, finance and maintain eight new public schools over 25 years.
A dispute between privately owned Alinta Energy and Horizon Power hangs over state government plans to overhaul the north-west's unregulated electricity network.
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.
The state government will hit the business sector with increased payroll tax bills and make further cuts in public sector spending after confirming that its annual budget will plunge to a $1.29 billion deficit in the current financial year.
Collie coal miner Griffin Coal is endeavouring to hang onto its staff and satisfy its customer commitments after its main contractor Carna Civil & Mining walked off the site late yesterday.
The Woodside-led North West Shelf joint venture has struck a new supply agreement that will deliver a small increase in the amount of gas coming into the local market but there is still no word on the future of contracts that account for more than half the state's domestic supply.
About $5.6 million owed to thousands of Western Australians is lying unclaimed in the Department of Treasury's register of unclaimed money database, Treasurer Mike Nahan says.
