Senate debates

Tuesday, 15 August 2006

Questions without Notice

Telstra

2:00 pm

Photo of Nick MinchinNick Minchin (SA, Liberal Party, Minister for Finance and Administration) Share this | Hansard source

Mr Trujillo is entitled to express his views as the managing director of the company. What he is worried about is having a large shareholder who may want to sell down their shares. That is the situation now. You have the government with 51 per cent, as a result of the Labor Party, that wants to sell down its shares. We would like to do so by way of a retail offer. Your question is utterly hypothetical because we have not yet made a decision, but I do reaffirm that placing the shares in the Future Fund remains one of the options.

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