In Australia, the Victorian Land Title and Registry, backed by the First State Superannuation Scheme, will operate some of the land titles and registry functions of Land Use Victoria for a 40-year term.
The sales price was A$2.86 billion ($2.1 billion).
The registrar of titles will remain under the government control. The state is also retaining ownership of essential services, including the Subdivisions, Application & Survey, Valuer-General Victoria, Land Information and Spatial Services, Government Land Advice and Coordination, and the Victorian Government Land Monitor.
