Joe Hockey wont rule out Australia Post sell-off

TREASURER Joe Hockey has not ruled out selling Australia Post as the Commonwealth looks to encourage states to sell off billions of assets.

Mr Hockey confirmed on Wednesday discussions had begun on a potential $130 billion sell-off of public assets across the country.

His comments come as the Abbott Government's Commission of Audit prepares to release its draft report to the government and with talks underway on Mr Hockey's first federal budget in May.

Reports emerged on Wednesday that Mr Hockey has met with state finance ministers to kick off the process, as state governments own the most infrastructure assets.

Mr Hockey said he wanted to see government capital "recycled" from existing assets to help fund a raft of infrastructure projects and help drive more economic growth.

He said it was "not some ideological bent, but the economic reality" that there was only so much money in all governments' budgets.

While he would not say which specific assets could be up for sale, he did not rule out the sell-off of Australia Post, which has not been mooted yet publicly.

His comments follow an Infrastructure Australia report released earlier this year that found all governments could reap up to $92 billion by selling ports, electricity and roads infrastructure.

Mr Hockey also said "now is the time" for Australian private finance to get involved, signalling a need for the multi-billion superannuation fund industry to bank-roll new infrastructure investment.


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