(22-12-2010, 08:26pm)bioDog Wrote: Didnt we have just one government owned telocomminication company called telecom that had a monopoly on the marketplace. This became telstra wich we owned and then was sold back to mum and dad investors by your good mates the liberals.
Yes that's true. After the T3 sell off there was 17% of Telstra still belonging to the Gov.
The 17% remainder of Telstra was placed in Australia's Future Fund, which will provide superannuation and pensions for Australia's public servants.
In 2009 (Labour gov) the Future Fund sold off another $2.4B worth of shares reducing the government's stake in Telstra to 10.9%.
Good to see the Gov is planning for the future of all the Public Servants.