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Small-scale privatization to bring $1.3 million in first half of 2021 | KyivPost - Ukraine's Global Voice

The State Property Fund expects to have sold Hr 1.67 billion ($1.3 million) worth of assets in small-scale privatization auctions in the first half of 2021, the state agency reported on Facebook on July 6.  The expected revenue is four times the amount received in the same period last year. Starting prices of assets up […]

Source: KyivPost

The federal government will allow the big foreign banks to finance state governments with cash problems

The federal government will allow the big foreign banks to finance state governments with cash problems, according to a report in Folha de S. Paulo. The Federal Government plans to provide guarantees. So far Citibank, JPMorgan, Bank of America Merrill Lynch, BNP Paribas and Banco Santander have shown interest in providing financing, the newspaper reported. “In order to provide matching funds, state governments can continue with plans to privatize state enterprises.”

Source: www.bnamericas.com

An effort to privatise the more lucrative aspects of the government

The United Progressive Party (UPP) has accused the Barbados Labour Party (BLP) government “of attempting to privatise some of the functions of the Barbados Revenue Authority (BRA), which could have been undertaken in house with the right technology. ‘This seems to be an effort to privatise the more lucrative aspects of the government. The BLP proposes to hire companies and or individuals to collect the online tax. There is no reason that with the right technology BRA could not undertake these collections. The UPP wishes to understand why this BLP administration is choosing the most sensitive features of the government to consider for privatisation, the statement queried.”

Source: Barbados Today

Plans to outsource visa processing are scary

Plans to outsource visa processing are scary, according to a former immigration official. Abul Rizvi, a former departmental deputy secretary says “the potential for a private provider to create a fast and slow lane for processing had ‘frightening’ long-term implications and the proposed use of applicants’ data for marketing purposes was ‘appalling.’ Rizvi joins the Community and Public Sector Union (CPSU) and the Federation of Ethnic Communities Councils of Australia in expressing concern about the outsourcing plan, which has not received a final sign-off from the cabinet after months of testing the market for expressions of interest.”

'Unauthorised': Privatised NSW land titles registry hiked fees by 1900 per cent

Despite advance warnings that privatization would lead to the price gouging of the Australian public, the private operator of the New South Wales Land Title Registry “surreptitiously hiked some fees by 1900 per cent before it was caught and forced to amend them.” In the lead-up to the privatization, “surveyors and developers said they feared the cost of a property transaction would rise. In one recent example, homebuyers and sellers now have to go through a licensed broker to conduct a land titles search. They now have to pay, in some cases, triple the price for the same information.”

Private, for profit interests are continuing to move in on land registries

Private, for profit interests are continuing to move in on land registries. Macquarie Infrastructure and Real Assets is putting in a bid for Victoria’s land titles registry, along with NSW's land registry contractor First State Super. “It'll be interesting to see how quickly bidders move on to Western Australia,” says the Australian Financial Review, “which is the next state on the land titles privatization program. WA recently rejected a proposal to sell its land titles registry but will run an auction to commercialize its automated online platform Advara. UBS, Flagstaff Partners and Minter Ellison are running Victoria's auction. RBC Capital Markets is advising the First State consortium, while Macquarie Capital and Credit Suisse are working for MIRA and its partners.”

Source: Financial Review

Privatization of immigration control

An EU directive has handed over control of visa issuance to private interests and effectively moved the Schengen border into South Africa. “This and subsequent directives have effectively led to the privatization of immigration control with airlines outsourcing the task of screening, before departure, both the validity of the travel documents and the trustworthiness of the travel intentions of their passengers, to private ground handling companies such as Checkport which belongs to the HNA Group-owned Swissport International Ltd.”

Source: www.pambazuka.org

The community has your back on privatisation

The Community and Public Sector Union (CPSU) says it “has your back on privatization. CPSU members are winning the community's support to defeat major privatizations and cuts. While we haven't yet defeated proposals to privatize the visa system and Centrelink, we know we can win: CPSU members working together have already the privatization of Medicare, Australian Hearing and the ASIC registry. The community are coming into bat for the work we do. Almost 8,000 people have signed up to the campaign to defeat visa privatization. Hundreds of donors have together chipped in more than $17,000 just in the past month, to stop cuts to the ABC. And more than 3,000 members of the community put in submissions against the privatization of Centrelink.”

Source: Community and Public Sector Union

New fees and charges from New South Wales’ newly privatized land title registry office

New fees and charges from New South Wales’ newly privatized land title registry office—including a new $50 penalty charged every time there is a mistake on an application—are mounting up. “‘The new fees and charges for simple human errors is private price gouging at its worst,” shadow finance minister Clayton Barr said. ‘When Land and Property Information was in public hands, fixing errors was a service to community, and free of charge, but under the private operators a simple typing error will cost you $50.’ He estimated the numbers of mistakes would run into many thousands every year. The NSW government capped fee increases to inflation when it leased the registry to a private consortium for $2.6 billion last year. But extra charges—including $138.80 to record an ongoing interest in a property and $50.90 for clerical errors—have been introduced since then.” The Telegraph reports that an Italian billionaire is “one of the biggest winners of the privatization of the land title registry.”

Source: peopleoverprof.it