Senate debates

Tuesday, 18 March 2014

Questions without Notice

Australian Water Holdings

2:47 pm

Photo of Jacinta CollinsJacinta Collins (Victoria, Australian Labor Party, Shadow Cabinet Secretary) Share this | Hansard source

My question is to the Assistant Treasurer, Senator Sinodinos. I refer to the Assistant Treasurer's statement to the Senate on 28 February 2013 concerning Australian Water Holdings which he as minister saw fit to reaffirm on 6 March 2014. In that statement he asserted that at the time he became chair of the company he was not aware of the so-called loan arrangement with the Obeid family. Can the Assistant Treasurer confirm that in November 2010 the Obeid family bought 30 per cent of all shares in Australian Water Holdings? Did the Assistant Treasurer become aware of this purchase before or after his appointment as Assistant Treasurer?

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