Abbott government rules out privatisation of Australia Post

Federal Finance Minister Mathias Cormann says the Abbott government will not sell Australia Post, however it will proceed with a scoping study into the sale of the Royal Australian Mint.

There has been increasing speculation about the possible sale of the iconic postal delivery service after Treasurer Joe Hockey earlier this year left open the possibility of its privatisation.

Earlier this month Australian Competition and Consumer Commission chairman Rod Sims urged the government to sell assets to increase productivity, and former ACCC commissioner Stephen King came out strongly in favour of a sale of Australia Post.

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