And lucky you:every Australian citizen will be offered shares in the float. The new enterprise will take over the country as a going concern, together with all available assets, pre-existing good will, gold reserves and debenture stocks.
This novel initiative is a logical consequence of the currently very popular trend towards privatisation.
We're fast-tracking it, that's all.
The formation of Terra Australis Proprietary Limited and its listing on the nation's stock exchanges is intended to shore up the local share market at a time when investors could do with an injection of confidence.
The present zigging and zagging of the All Ordinaries does no-one any good. Your everyday, run-of-the-mill Aussie battler-type person could do without such uncertainty.
Furthermore, the overbearing pressure of state debt will be a thing of the past. This way we settle up and wipe the slate clean in one swoop without having to put up with all this relentless year in year out budget rigmarole.
Every year the same ole same ole…
(Duration: 2:40 — 2.9MB)