The federal government has received the all clear to sell its majority stake in Telstra after all five sale bills were passed by both houses of federal parliament last week.
The House of Representatives passed the Telstra (Transition to Full Private Ownership) Bill 2005, which enables the government to conduct the sell-down of its majority stake either through a single tranche or several tranches.
Previous attempts by the government to pass laws to sell Telstra have failed because the coalition could not secure a majority in the Senate but it used its numbers in the upper house to pass the bills last week.
The government won support in the Senate for the sale of its remaining 51.8 percent share with $3.1 billion worth of sweeteners for bush telecommunications services.
As part of the deal, $2 billion will be put into a fund to pay for improvements to telecommunications services in the bush, with another $1.1 billion to help roll out hi-tech services.
But Opposition Leader Kim Beazley continued to oppose the sale of Telstra.
"This is a shameless, shameful moment ... as the government bulldozes through the sale of Telstra legislation," he said.
- White PaperYour organisation may well have devised and implemented an Acceptable Use Policy (AUP) some time ago in order to guard against the risks of inappropriate use of computer systems by your workers, but are you confident that your AUP remains 'fit for purpose'? Read on to discover how you can enhance the effectiveness of your AUP.
- White PaperJoin Ed Thompson, Research VP, featured analyst firm, Gartner, Inc., and Brad Wilson, General Manager CRM Microsoft Dynamics, for a new webcast, Delivering the Power of Choice with Microsoft Dynamics CRM, available now. Our panel will break down the best practices for getting the most out of CRM and you'll learn key recommendations you can implement in your organization. Additionally, you'll also hear Microsoft's vision for CRM.
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CIO Live Podcast #79: Brent D Taylor, author of The Outsider's Edge: The Making of Self-Made Billionaires Part II 05 October, 2007 06:00:00
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CIO Live Podcast #76: Panasonic Speeds Up Trans-Pacific File Transfers, Part II 14 September, 2007 07:00:00
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Excerpt: Counterterrorism Strategies for Corporations 27 November, 2008 12:36:00
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The 10 Ackerman Principles of Counterterrorism 27 November, 2008 12:43:00
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Survey: Despite Risks, Employees Still Holiday Shop at Work 27 November, 2008 10:02:00
As Cyber Monday approaches, research suggests a majority of workers will use their work computer to shop this holiday season. But despite the continued growth in online shopping, employees and business still don't understand the riskAs Cyber Monday approaches, research suggests a majority of workers will use their work computer to shop this holiday season. But despite the continued growth in online shopping, employees and business still don't understand the risk.
AOC Launches 18.5” Widescreen Green 16:9 LCD Monitor in Australia and New Zealand 03 December, 2008 15:30:00
FrontRange Solutions eases software license management with new License Manager 3.0 03 December, 2008 14:56:00
Progress Software's Cure for Managing Services-based Applications 03 December, 2008 14:42:00
Informatica Powercenter added to Nec Infoframe Solution Suite 03 December, 2008 11:36:00
Gerald Held joins Informatica’s Board of Directors 03 December, 2008 09:50:00
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Controlling storage costs with Oracle database 11g
Organisations must embrace new ways of storing data that don't involve adding more of the same hardware to accommodate data growth and dealing with duplication as well as uncompressed information. Simple steps such as tiering storage, moving data across these tiers and reducing the amount of data to be managed, can dramatically reduce capital and operating expenses. Read on to learn how to implement these steps in your business.
















