MAJOR PRIVITISATION in AUSTRALIA (1990-2001)
Title: MAJOR PRIVITISATION in AUSTRALIA (1990-2001)
Category: /Business & Economy
Details: Words: 1188 | Pages: 4 (approximately 235 words/page)
MAJOR PRIVITISATION in AUSTRALIA (1990-2001)
Category: /Business & Economy
Details: Words: 1188 | Pages: 4 (approximately 235 words/page)
1.0<Tab/>PRIVITISATION
The term Privatisation can be defined as the transfer of activities from the public sector to the private sector.
2.0<Tab/>GBE
The term "GBE" is an abbreviation for Government Business Enterprises, which means businesses owned solely by the government, thus not privately owned.
3.0<Tab/>ARGUMENTS FOR PRIVATISATION OF GBES
3.1<Tab/>Reasons For
There are many positive reasons
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including the World War 2 to become one of the world's leading long distance airlines now. Starting with biplanes the airline now operates modern aircrafts including the Boeing 747's.
5.6<Tab/>Commonwealth Bank
The Commonwealth Bank was founded under legislation, namely the Commonwealth Bank Act, enacted by Andrew Fisher's Labour Government in 1911. It was the culmination of a movement that went back over half a century and became more active following federation in 1901.