2 November 2015 – statement on Australian Hearing ‘available for sale’

This statement was provided to media in response to questions about whether a decision had been made to privatise Australian Hearing, following the release of the Department of Human Services Annual Report 2014–15:

The Department of Human Services 2014–15 Annual Report contains a standard note on the administered investments of Australian Hearing, that they are ‘available for sale’.

The ‘available for sale’ description is consistent with the Commonwealth Entities Financial Statements Guide and has been used in relation to Australian Hearing administered investments since at least the 2010–11 annual report.

Classifying administered investments as ‘available for sale’ does not imply that they are held for sale.