I'm not sure the government would go for direct nationalisation of anything ever - it's counter intuitive to their governing mantra for the last 30 years.
But I can definitely understand if the government via a proxy - ie the future fund or whatever became a majority controlling shareholder of an industry in the national interest and still allowed private sector persons to run the company.. just not in an irresponsible way like has been for the last 5 years
freight cartels, apa buyout, offshore of a former government entity buy stealth, nest feathering and now the latest debacle.