LNP can't rule out assets falling into foreign hands

Premier Campbell Newman with Maroochydore MP Fiona Simpson
Premier Campbell Newman with Maroochydore MP Fiona Simpson Brett Wortman

The Queensland Government is not making any guarantees the states assets will remain in Australian hands if it is allowed to move forward with its leasing and privatisation plan.

Premier Campbell Newman said he believed any discussion of who would operate the port and power assets if the LNP wins the election was "premature".

Singaporean and Chinese companies have expressed interest in other states' power networks and are expected to be among the bidders in the Queensland tender process, if it goes ahead.

Mr Newman said the government would set out "to get the best amount of money for Queenslanders" and that didn't necessarily mean a local investor.

"When you run a tender you can't pre-judge the outcome," he said.

Read more at Brisbane Times

Topics:  assets campbell newman editors picks lnp

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Learn to meal prep like a pro

IN THE KITCHEN: Learn how to prepare nutritional meals for your week.

Find out more on how to meal prep like a pro.

Leaving a legacy for his sons

Find out about another of the great cars from the Emerald Car Club

Pioneer Park on track

Emerald 100 race day, 2017.

The first Emerald races for 2018 are on this weekend.

Local Partners