Senate debates

Thursday, 15 February 2018

Questions without Notice

Transurban Group

2:32 pm

Photo of Janet RiceJanet Rice (Victoria, Australian Greens) Share this | Hansard source

My question is to the Minister representing the Minister for Infrastructure and Transport, Senator Scullion. I note reports this week about private toll operator Transurban, who run 13 of the 16 toll roads in Australia, recording staggering profits. Their net profits tripled in the six months to December to $331 million. The ACCC chair, Rod Sims, said regarding this that he thinks we have pushed maximising revenue to the detriment of the roads system. Yet Transurban also pay zero corporate tax. To what end? Commuters in our cities remain stuck in traffic whilst paying exorbitant and escalating tolls. Can the minister explain to Australian commuters how it justifies supporting the privatisation of such a massive part of our urban transport network, locking in huge tolls, huge profits, and zero return to the taxpayer, whilst the government's investment in public transport—which would transform our cities—is paltry at best?

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