The Australian Industry Group reiterated today its support for the sale of QR National and must be operated as a private entity to contribute to the increased competitiveness in the economy.

AI Group chief executive Heather Ridout said that Queensland Government should provide clear guidance on its ownership stake and that the State should strip its interest up to 15% of the privatized entity.

"The lack of clarity on the Government's likely shareholding post on the initial public offer is not helpful to prospective shareholders and has implications for the potential value of the company," she said.

Ridout also stressed that changes should be made despite the unfinished discussions in relation to the access regime. She noted that non-executive directors should be appointed to the board of the QR National network business.

The pre-existing deadline is set on June 30.

Ridout explained that the takeover will further "help underpin the necessary infrastructure investment, not only in Queensland, but elsewhere, especially Western Australia and New South Wales."

"The Queensland Government should be commended for continuing to progress this sale in a difficult political climate. It is in the best interests of the Australian economy and the Queensland taxpayer," Ridout said.

Yesterday, the Queensland Branch Council of AIG talked with QR's chief executive Lance Hockridge regarding updates on the QR National and its sale process.