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Australia Post not for sale

Posted: June 4, 2007 at 6:58 pm

The Federal Government has today noted that it has no plans to sell Australia Post. This statement follows speculation fuelled by CommSec’s valuation of Australia Post at up to $7 billion.

A report from CommSec noted that a strong case could be made for the sale of Australia Post. Articles covering the report were published in some newspapers today, including The Age.

A spokesperson for the Minister for Communications, IT & The Arts, Senator Helen Coonan, today said that the Federal Government has no plans to sell Australia Post. (As reported in The Age online today.)

The Shadow Minister for Communications & IT, Senator Stephen Conroy, today released a statement noting that the ALP is committed to retaining Australia Post in full public ownership.