Coalition revises energy 'big stick' policy following backbench objections

Some MPs have argued breaking up private companies offends core liberal values

The Morrison government is revising key components of its much vaunted “big stick” divestiture power in the wake of internal objections from more than 20 backbenchers, with MPs arguing breaking up private companies offends core liberal values.

Sources have told Guardian Australia ministers are now in the process of refining the original government proposal to ensure that divesture happens only after a recommendation by Australia’s competition watchdog, which has first sanctioned poor corporate conduct.

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from The Guardian https://ift.tt/2QbAYB2
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