Nick Sherry (Tasmania, Australian Labor Party, Minister for Superannuation and Corporate Law) Share this | Hansard source

Senator Minchin had some gall to mention tonight that the administration costs have doubled from $10 million to $20 million. That is his allegation; I have not checked it. But let us assume Senator Minchin is right. I can well remember the cost of privatising Telstra. It was in the hundreds of millions of dollars in consultancy fees and legal fees. The largess that was doled out on the privatisation of Telstra was amazing.