The LNP plan would have seen the state's ports and electricity assets offloaded,with the money spent on debt reduction and infrastructure.
Labor campaigned on a no asset sales platform,with a plan to eventually merge the state's electricity retailers and generators,a move which has raised eyebrows in the Australian Competition and Consumer Commission.
But Mr Pitt said while Strong Choices was dead,its legacy would live on in the July budget.
"When I say we are finding out new things every day that is absolutely correct,"he said.