Parliament to have say on sale of State corporations

Parliament during a past session. The Privatisation Act 2023, which was nullified by the High Court last year, had taken away the National Assembly’s powers to scrutinise the privatisation process. [File, Standard]

The government appears to be ceding ground in the privatisation of state-owned entities and will now seek MPs’ approval in the process.

A new Bill, aimed at easing the process of selling part of the government's shareholding in state corporations, has proposed giving Parliament powers to oversee the process.