NSW Opposition Leader Luke Foley declared today that privatisation of public assets in the State will end under a Labor government.

In his Budget Reply speech today Mr Foley made a commitment that Labor will halt what he called ‘this destructive privatisation scam.’ Giving a guarantee that under Labor the sell-offs will stop and there will be:

  • No privatisation of NSW hospitals;
  • No privatisation of water;
  • No more electricity privatisation; and
  • No privatisation of public transport services.

Mr Foley said these are owned by the people of NSW and under Labor will be managed efficiently – and be affordable for people.

Since 2011 the Liberals and Nationals have sold off more than $50 billion of publicly-owned assets.

Privatisation has resulted in higher electricity prices for families and small businesses, despite a pledge by former Premier Mike Baird before the last election that prices would not go up. 

But prices have gone up 20 per cent this financial year and the promise that the sale of the poles and wires would pay for essential infrastructure has turned out to be a hoax. Drivers will be paying tolls into the distant future to foot the infrastructure bill.  

The privatisation of NSW’s ports has put a brake on the Hunter economy thanks to the secret clause the Government inserted into the contract that penalises an expansion of Newcastle Port’s container terminal. The privatisation of Newcastle’s buses has led to a reduction of services.

In the face of fierce opposition by the community and health workers the Liberals backed down on their plan to privatise regional hospitals in Maitland, Wyong, Goulburn, Shellharbour and Bowral, for now. But if the Coalition is re-elected the idea will be revived because it is the Liberal way.

Privatisation has also resulted in price hikes for home owners using the Land and Property Information registry which was sold off by the Berejiklian-Barilaro Government last year to pay for its $2.2 billion stadiums splurge.

Quotes attributable to NSW Opposition Leader Luke Foley

 “Labor will call a halt to this destructive privatisation scam that has delivered nothing but a rise in the cost of living for working families.

“Privatisation of public assets will continue under the Liberals because that is in their DNA.  Labor’s commitment is that it will stop.

‘We will keep hospitals, water, electricity, buses and trains safely in public hands. Under the Liberals the public always ends up paying and if they are elected next March privatisation will come back with a vengeance.”











[Extracts above from NSW Parliamentary Library Report ‘Privatisation in NSW – a timeline and key sources’]