Privatisation in Australia

Privatisation in Australia is the process of transiting a public service or good to the private sector through a variety of mechanisms that was commenced by the Federal Government in the 1990s, receiving bipartisan support. More generally, privatisation is a set of economic policies that is part of a broader system of deregulation of government services, underpinned by the ideology of Liberalism, in order to achieve economic outcomes of growth, efficiency and productivity.

Source: Wikipedia — Privatisation in Australia (CC BY-SA 4.0)