MAJOR PRIVITISATION in AUSTRALIA (1990-2001)

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 …

…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.