SYDNEY Dec 19 Australian Treasurer Scott
Morrison said on Monday he will not privatise a corporate
registry held by the country's markets watchdog, bowing to
opponents who argued the move would reduce transparency for
millions of privately held companies.
Australia last year announced plans to sell the corporate
registry of the Australian Securities and Investments Commission
Morrison said the sale would not raise enough money.
"Thorough evaluation of final private sector bids received
showed that it would not deliver net financial benefit for the
Commonwealth," Morrison told reporters in Canberra after
releasing the government's mid-year budget review.
(Reporting by Colin Packham; Editing by Gopakumar Warrier)