PROFITS

The aim of private business is to make profits, however, the goals of publicly-owned organisations are different. With no private shareholders, and being accountable to all Queenslanders, a publicly-owned power company keeps electricity prices fair, and can prioritise service, good local jobs, and decent work conditions.

South Australia’s power assets are owned predominately by overseas businesses. This means that the profits from their over-inflated electricity costs go to large overseas companies, not into the community.

Often, these companies don’t pay fair taxes in Australia. Some multi-billion dollar companies will pay less tax per year than the average Australian.