Vic: Costello says long road in senate for Telstra sale
MELBOURNE, Aug 22 AAP - Treasurer Peter Costello admitted today it will be tough topass legislation allowing the full sale of Telstra through the senate.
The legislation passed through the House of Representatives last night.
But Mr Costello admitted it would be harder to get the legislation passed in the senate.
"I'm sure it will be a long period," he said.
"The bill was passed by a pretty substantial majority in the House of Representatives,of course the government doesn't have a majority in the Senate, never has had, so it'sgoing to be a tougher and torturous road.
"At the end of the day the status of Telstra has to be resolved."
He said the partial privatisation of Telstra would not work in the future.
"If you believe that Telstra ought to be nationalised then you ought to buy all theshares back from all the mums and dads who own shares," he said.
"If you believe the telephone service can be equally as well run in the private sector,then Telstra should be fully privatised.
"But this situation where it is half national, half privatised isn't going to workfor the long term."
AAP rb/jt/mg/de
KEYWORD: TELSTRA COSTELLO
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