Shadowzone
23-07-2010, 04:32 AM
Aust Post is a Government Corporation.
It is owned by them, they reap the rewards, but as a corporation it must still trade as one meaning paying it's employees from the profits of the business and paying tax etc; The benefits are by doing it this way it frees the Govt. from direct liability in an accident with for example one of their trucks but still gives them the revenue stream.
Other such ventures include things like Qld Motorways which is a State Govt. owned corporation, Sunwater which supplies water to various parts of Qld is another. There are plenty of them, after all - a $2Pty. Ltd. Co. is far better when the shit hits the fan to disolve than a whole Govt. dept.
It is owned by them, they reap the rewards, but as a corporation it must still trade as one meaning paying it's employees from the profits of the business and paying tax etc; The benefits are by doing it this way it frees the Govt. from direct liability in an accident with for example one of their trucks but still gives them the revenue stream.
Other such ventures include things like Qld Motorways which is a State Govt. owned corporation, Sunwater which supplies water to various parts of Qld is another. There are plenty of them, after all - a $2Pty. Ltd. Co. is far better when the shit hits the fan to disolve than a whole Govt. dept.