State-owned enterprises of Australia

{{use dmy dates|date=August 2019}}

{{use dmy dates|date=August 2019}}

In Australia the predominant term used for SOEs is '''government business enterprise''' (GBE). Various [[States and territories of Australia|Australian states]] also have GBEs, especially with respect to the provision of water and sewerage, and many state-based GBEs were privatized in some states during the last decade of the twentieth century. Former Commonwealth SOEs include [[Telstra]], established in the 1970s as Telecom Australia. Telstra, now Australia's largest telecommunications company, was privatised in 1997 by the [[Howard government]]. As of June 2010 Telstra owned a majority of the copper wire infrastructure in Australia (the rest is owned by [[Optus]]) and is pending sale to its former parent, the Australian government, for a non-binding amount of 11 billion Australian dollars, as ducts in the copper wire tunnels are needed to install the fibre optic cable. The [[Commonwealth Bank]], as its name indicates, was also founded as public company before later being privatized.

In [[Australia]], the predominant term used for [[state-owned enterprise]]s (SOEs) is '''government business enterprise''' (GBE). Various [[Australian states and territories]] also have GBEs, especially with respect to the provision of [[municipal water]] and [[sewerage]], and many state-based GBEs were privatized in some states during the last decade of the twentieth century. Former Commonwealth SOEs include [[Telstra]], established in the 1970s as Telecom Australia. Telstra, now Australia's largest telecommunications company, was privatised in 1997 by the [[Howard government]]. As of June 2010 Telstra owned a majority of the copper wire infrastructure in Australia (the rest is owned by [[Optus]]) and is pending sale to its former parent, the Australian government, for a non-binding amount of 11 billion Australian dollars, as ducts in the copper wire tunnels are needed to install the fibre optic cable. The [[Commonwealth Bank]], as its name indicates, was also founded as public company before later being privatized.

In [[Victoria, Australia|Victoria]] many GBEs were sold in the 1990s to reduce the state's level of debt. The [[State Electricity Commission of Victoria]] and the [[Gas & Fuel Corporation]] were the best-known government enterprises to be disaggregated and sold.

In [[Victoria, Australia|Victoria]] many GBEs were sold in the 1990s to reduce the state's level of debt. The [[State Electricity Commission of Victoria]] and the [[Gas & Fuel Corporation]] were the best-known government enterprises to be disaggregated and sold.