NSW land titles registry leased for $2.6 billion to Hastings Funds Management, First State Super
The state's 150-year-old registry will be leased to Hastings Funds Management and First State Super.
Esther Han is the consumer affairs editor for The Sydney Morning Herald and The Sun-Herald. She was previously the food and wine news writer for Fairfax Media.
The state's 150-year-old registry will be leased to Hastings Funds Management and First State Super.
Despite a string of convictions, an unlicensed builder is at large in Sydney and probably looking for more building work.
Rory O'Connor, the probity adviser on the land titles registry privatisation, has scrutinised several controversial deals of Labor powerbrokers.
The land titles registry's big profits have long helped fund schools and hospitals. After it is privatised, those profits could head towards the Cayman Islands.
The Berejiklian government has been accused of being "reckless in the extreme" by making a "last-minute" decision in relation to its land titles registry privatisation that Labor claims could potentially cost taxpayers hundreds of millions of dollars.
A source close to NSW's land titles registry sell-off says the process is being rushed and the wrong model is being used.
A leaked NSW cabinet document related to the privatisation of the land titles registry shows hundreds of NSW jobs could eventually be sent out of the state.
The government is selling and slashing essential services, but spending big on attracting and keeping Treasury senior executives.
A leaked confidential document reveals NSW's land title registry is earning $130 million for the taxpayer each year as the government comes under pressure to ditch its privatisation plans.
New government ministers were sworn in at a ceremony in Sydney on Monday, including plenty of "new blood".
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