Queensland's assets are too important to trust to the government

Queensland will also use the proceeds to pay off $25 billion of state debt, saving $1.3 billion in interest costs. This will put us back on track to regain a AAA credit status, which reduce our ongoing borrowing costs by around one-quarter of a percent, or about $100-200 million per annum.

This is real money the Government can allocate to better health and education services.

Finally, privatisation would restore Government to its proper role, which is setting the laws and regulations in the economy. The current situation is essentially a rigged game with the government both umpire and player. This leads to the risk of inappropriate political interference in business decision making.

One example is the probable over-investment in poles and wires by electricity distributors such as Energex and Ergon. Consumers are effectively paying a premium to save the government the embarrassment of an occasional blackout.

Ultimately there is no more reason for government to be involved in power generation than in the production of any other staple of life like food or housing. There are things government has to do, and there are things it can choose to do. In this case we'd all be richer and better catered for if government got out of the power business and allocated the proceeds to where they can make a real difference.