A bit rough on Victoria, perhaps, since the state has already sold off many of its assets, but a significant boost for the Australian economy, and particularly for the states with assets to sell off.
This is what the economy needs as the population booms: infrastructure spending.
States will not be allowed to use proceeds from asset sales to pay down debt.
Instead, funds must be spent on infrastructure, and spent quickly.
From Business Day:
"Federal Treasurer Joe Hockey says he has struck a ''historic agreement'' with state treasurers that will create tens of billions of dollars of new infrastructure across the country.