Australian Government, 2009‑10 Budget
Budget

Part 1: Revenue Measures

Finance and Deregulation

Medibank Private Limited — conversion to a 'for profit' government business enterprise

Revenue ($m)
2008‑09 2009‑10 2010‑11 2011‑12 2012‑13
Department of Finance and Deregulation nfp nfp nfp nfp nfp
Australian Taxation Office nfp nfp nfp nfp nfp
Total

The Government will convert Medibank Private Limited (MPL) to a 'for profit' Government‑owned business enterprise in early 2009‑10. This will improve the competitive neutrality between MPL and 'for profit' competitors by making MPL liable for company tax and dividends, which will help drive future efficiency gains. These payments have not been published due to their commercial nature.

The Government remains committed to keeping MPL in public hands.

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