Apart from the farce that is our federation of states we have had nearly every formally State or Federal government owned corporation or entity sold off.
Telstra (formally sole national goverment Telco that made a PROFIT each year) currently part of the issue with our National pathetic (Liberal Government) Broadband scheme. The sold it off entirely a fair number of years ago in a cash grab to see the copper network degrade in the interests of profit to then have to buy some of it back and patch it up to make the 'new' system work. There was so many issues with the sale and how it was done volumes would be needed as to why.
Commonwealth Bank of 'Australia' The sale of this Bank has cost the Taxpayers Billions in ongoing profits. Sale price circa $8 billion total against last years profit of $9.93 Billion
Qantas (formally profit making National Airline) probably a good one to get out of as profits really suck and the capital need is massive.
SEC (Our States Electricity Company) Was bloated to hell with employees but still a profit making entity. Power Bills have soared and infrastructure spending is virtually NIL as the system is gouged for $$. What was needed at the time was a long term fix and strategy for the company.
State Rail services (used to make a minor loss each year before being broken up and parts sold off) infrastructure is barely propped up rolling stock in country areas is ancient services are late and or cancelled to have Trains replaced by Bus..... The only real infrastructure investment still comes from the State Government who no longer runs the daily system
https://www.ptv.vic.gov.au/news-and-events/news/public-transport-investments-in-2016-17-victorian-state-budget/ Nett loss.
State based regional Water Boards (amalgamated and any cash reserves held siphoned into Government coffers a long time ago) Where I grew up the local water board had actual millions set aside (30+ years ago) for future needs on a long term plan now that area suffers from restrictions on a regular basis as usage has increased.
Australia Post - still in government hands so far but only just. The Right Ideologues want it gone.
Plenty more but overall it gets a FAIL
Essential and Strategic Services well run in Government Hands make sense in particular when run for the community and not the shareholder benefit.
Time for another Coffee.......