“We are going to free up the capacity to get on with the job of building things,” Mr. Hockey told WSJ.
“We’re going to form a partnership with the states that is going to be rolled out over the next few months, which is hugely exciting, and involves potentially massive transactions that will get the place moving.”
Money from the sales would go to job-creating infrastructure, which could include a second airport for Sydney.
The revelation of the sell-off came as the Labor Opposition used Parliament to accuse the Government of killing off jobs.
Opposition Leader Bill Shorten said 54,000 full-time jobs had disappeared since Tony Abbott became Prime Minister. He calculated this last one job disappearing every three minutes.
Full details of the privatisation are expected to be revealed in the May Budget.
“There is potentially $130 billion in privatizable assets in Australia, maybe more,” Mr. Hockey told the WSJ.
He said likely candidates for sale would include utilities and transport networks as well as the health insurer Medibank Private, which analysts believe could be worth up to $4 billion.
“From my perspective, the sooner we get out of running businesses the better,” said Mr. Hockey.
news.com.au 12 Feb 2014