The Premier of New South Wales, in an unwise fit of populism, has implicitly threatened Westpac that, if they dare to offshore some of their operations then this “would be taken into consideration” when their contracts are up for renegotiation.
This sort of threat is both bad for business generally, but also bad for New South Wales – even the threat means that companies will have to price in some political risk if they are to do business with the NSW government in the future. Having a government trying to make companies make business decisions on the basis of politics is unwise, at best.
28 November, 2006 at 11:19
My name is Jeffrey Hutton. I’m a reporter with the Australian Associated Press. I’m doing a story on offshoring and I was hoping to talk with someone there about the offshoring of financial services from Australia.
Could you send me an email at firstname.lastname@example.org [Admin edit to reduce spam] or give me a call on 02 9322 8735