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Auditor-General Report No. 43 of 2002–03
The Sale of Sydney (Kingsford Smith) Airport
Published
Thursday 8 May 2003
Portfolio
Across Entities
Entity
Across Agency
The objectives of the audit were to:
- evaluate the extent to which the Government's sale objectives were achieved, with a focus on those objectives relating to the optimisation of sale proceeds and minimisation of risk to the Commonwealth;
- examine the effectiveness of the management of the sale process to ensure the Commonwealth received fair value; and
- within the context of broader Commonwealth debt management considerations, assess the application of the sale proceeds to repaying Commonwealth debt and the extent to which public debt interest payments may be reduced.