NSW Privatised Assets - Public Service Association

NSW Privatised Assets

Year Government enterprise Transaction Proceeds
1989 NSW Investment Corp

New South Wales Investment Corporation (Sale) Act 1988

Sale  $65 million
1990 NSW Egg Corporation

Egg Industry (Repeal and Deregulation) Act 1989

 Sale  $18.519 million6
1990 Kooragang Coal Loader Sale of 20% share $20.2 million7
1990 Newcastle Wharfside Services Sale $18 million8
1990 Port Kembla Coal Loader 20 year lease $2.50/tonne9
1991 No. 6 Jetty, Outer Harbour, Port Kembla Lease n/a10
1991 Inner Harbour RO/RO Terminal, Port Kembla Lease n/a
1991 No. 2 Kooragang Berth, Port of Newcastle 6 year lease n/a
1991 Berths 3 and 4 Darling Harbour 3 year lease n/a
1991 Liddell State Mine Sale -$8.374 million11
1992 Government Insurance Office (GIO)

Government Insurance Office (Privatisation) Act 1991

Sale $1.8 billion
1992 First State Computing Sale $11 million12
1992 NSW Grain Corp
NSW Grain Corporation Holdings Limited Act 1992
Sale $90 – $110 million13
1992 Western Basin Berth 3, Port of Newcastle 20 year licence n/a
1992 Maritime Services Board Sydney Ports Authority pilotage service

Pilotage (Amendment) Act 1992

3 year lease n/a
1992 Glebe Island Berths 1 and 2, Sydney Ports 5 year lease n/a
1992 Darling Harbour Berth 7 Lease n/a
1993 Maritime Services Board Construction and Installation of Signs business Sale n/a
1993 MSB Navigation Beacons business Sale n/a
1993 MSB Waterfront Construction Services business Sale n/a
1994 Government Cleaning Service Sale Negligible14
1994 School Furniture Complex Sale $5.35 million15
1994 The Fish Marketing Authority Sale $3 million16
1994 State Bank of NSW

State Bank (Privatisation) Act 1994

Sale $567.815 million17
1995 Gumly Gumly Irrigation District Ownership and management transferred to local irrigators Nil18
1995 Jemalong Wyldes Plains Irrigation Ltd

Irrigation Corporations Act 1994 No. 41— Proclamation

Ownership and management transferred to local irrigators Nil18
1995 Lower Murray Irrigation Areas Ltd

Irrigation Corporations Act 1994 No. 41— Proclamation

Ownership and management transferred to local irrigators Nil18
1995 Murray Irrigation Limited

Irrigation Corporations Act 1994 No. 41— Proclamation

Ownership and management transferred to local irrigators Nil18
1996 Hay Irrigation District Ownership and management transferred to local irrigators Nil18
1996 Axiom Funds Management

Superannuation (Axiom Funds Management Corporation) Act 1996

Sale $215 million19
1997 Sydney Market Authority

Sydney Market Authority (Dissolution) Act 1997

Sale $0.626 million20
1998 TAB Ltd

Totalizator Agency Board Privatisation Act 1997

Sale $1.017 billion
1999 Murrumbidgee Irrigation Limited Irrigation Corporations Amendment Act 199821 Ownership and management transferred to local irrigators Nil18
2000 Coleambally Irrigation Ltd

Irrigation Corporations Amendment Act 199835

Ownership and management transferred to local irrigators Nil18
2002 FreightCorp

Freight Rail Corporation (Sale) Act 2001

Sale $669 million22
2002 Integral Energy Gas Pty Ltd Sale $2.1 million23
2002 Powercoal Pty Ltd Sale $323.6 million24
2003 Pacific Power (International) Pty Ltd Sale n/a
2004 Plug & Power (Pacific Solar Pty Ltd business) Sale n/a
2004 Pacific Solar Pty Ltd low cost solar cell technology business Sale n/a
2005 Qstores and cmSolutions Sale $38 million25
2006 Emmlink (Country Energy) Sale $85 million26
2007 Energy Australia Pty Ltd Sale $207 million27
2010 NSW Lotteries

NSW Lotteries (Authorised Transaction) Act 2009

Sale $1.008 billion
2010 Country Energy Gas Pty Ltd Sale $107.642 million
2011 WSN Environmental Solutions

Waste Recycling and Processing Corporation (Authorised Transaction) Act 2010

Sale $234 million28
2011 Gentrader transaction: Country Energy retail business Sale $1.3 billion
2011 Gentrader transaction: Energy Australia retail business Sale $1.48 billion
2012 Sydney Desalination Plant

Water Industry Competition Amendment Act 2011

100% lease for 50 years $2.3 billion
2013 Port Botany

Ports Assets (Authorised Transactions) Act 2012

100% lease for 99 years $4.31 billion
2013 Port Kembla

Ports Assets (Authorised Transactions) Act 2012

100% lease for 99 years $760 million
2013 Eraring Energy

Electricity Generator Assets (Authorised Transactions) Act 2012

Sale $657 million
2013 Mt Piper and Wallerawang Power Stations (Delta West)

Electricity Generator Assets (Authorised Transactions) Act 2012

Sale $475 million
2014 Port of Newcastle

Ports Assets (Authorised Transactions) Amendment Act 2013

100% lease for 98 years $1.75 billion
2014 Green State Power

Electricity Generator Assets (Authorised Transactions) Act 2012

Sale $72 million
2014 Bayswater and Liddell Power Stations (Macquarie Generation29

Electricity Generator Assets (Authorised Transactions) Act 2012

Sale $1.505 billion
2014 Hunter Water Australia Pty Ltd Sale $6.816 million30
2014 Colongra Power Station

Electricity Generator Assets (Authorised Transactions) Act 2012

Sale $233 million
2015 M7 rental payments Monetisation of M7 base rent payables $174.2 million31
2015 Vales Point Power Station

Electricity Generator Assets (Authorised Transactions) Act 2012

Sale $21.3 million
2015 Transgrid

Electricity Network Assets (Authorised Transactions) Act 2015

Electricity Retained Interest Corporations Act 2015

100% lease for 99 years $10.273 billion
2015 Kooragang Island Advanced Water Treatment Plant Sale32 $35.5 million
2016 Brown Mountain Hydro Power Station and Cochrane Dam Sale $4.5 million
2016 AusGrid

Electricity Network Assets (Authorised Transactions) Act 2015

Electricity Retained Interest Corporations Act 2015

50.4% lease for 99 years $16.2 billion
2016 Construction Services Group, NSW Public Works Sale -$0.805 million33
2016 Pillar Superannuation Administration

Superannuation Administration Corporation (Pillar) (Authorised Transaction) Act 2016

Sale $35 million
2016 Home Care Service of NSW $114 million
2017 Titling and registry business of Land and Property Information

Land and Property Information NSW (Authorised Transaction) Act 2016

35-year lease $2.6 billion
2017 Endeavour Energy

Electricity Network Assets (Authorised Transactions) Act 2015

Electricity Retained Interest Corporations Act 2015

50.4% lease for 99 years $7.624 billion
2017 Department of Aging, Disability and Home Care Transfer of services Unreported
2018 Millers Point Housing Sale $609.6 million
2018 WestConnex 51% Sale to consortium (STP) led by Transurban $9.26 billion
2019 Sirius Building Sale $150 million
2020 Public Housing Sales excluding Sirius and Millers Point (2011-2020) Sale $1.35 billion
2021 WestConnex Remaining 49% to STP $11.1 billion
2021 Miscellaneous property/land Sale $744 million

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