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

Mr President, I ask a supplementary question. The minister in her answer indicated that advice was taken from all relevant agencies. So I again ask her to confirm that advice was taken from ASIC in relation to the disclosure of the risks associated with the proposed Cousin’s appointment. Can the minister further confirm that ASIC was forced to become involved in the preparation of the T3 prospectus to ensure that the government was not successful in forcing the Telstra board to breach its obligations under the Corporations Law in relation to disclosure?