THE PORT OF MELBOURNE: WHEN IS A ‘SALE’ NOT A SALE…AND DOES IT MATTER?

The saga of the ‘sale’ or not of the Port of Melbourne has been going on now for some years. Valued at around $5-10bn, the transaction will make a difference to the state government’s cash flow when the transaction goes through, as now seems likely.  But much of the argument misses a key point – the ‘sale’ will not actually be a sale at all!  And it does matter.  Let me explain.Read More »