Nicholls: No plans to sell off QIC

QUEENSLAND Treasurer Tim Nicholls said the State Government has no plans to sell-off Queensland Investment Corporation.

Mr Nicholls said today retaining QIC forms part of the government's considered economic planning for the state's future.

"The Newman Government's clear policy position is to establish government as the enabler, not necessarily always the doer," he said.

"However, given QIC is a funds manager which competes with other private sector businesses, it is important that the government retain flexibility in terms of its funds under management.

"The government is confident of QIC's strong future as industry leaders and that its management will deliver on their growth plans going forward."

The Peter Costello-led Commission of Audit recommended in April last year the Queensland Government divest QIC of both its private and public sector client books.

Queensland Investment Corporation is valued at more than $71 billion.


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