Senate debates

Tuesday, 5 September 2006

Questions without Notice

Telstra

2:00 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Shadow Minister for Corporate Governance and Responsibility) Share this | Hansard source

Mr President, I ask a supplementary question. Can the minister inform the Senate whether anyone in the government was involved in briefing any journalists as to the possibility of a discount? Is the minister aware that the Corporations Law prohibits false or misleading statements to increase or stabilise a share price? Will the minister ask ASIC to investigate whether any breaches of the law were associated with news reports of a T3 shareholder discount? Or, alternatively, was the Australian newspaper correct when it said ‘share market rules for honesty and full disclosure do not appear to extend to the spin surrounding the fire sale of Telstra’?

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