'Conflict of interest 101': Pallas mauled over Transurban shareholding

Victorian Treasurer Tim Pallas has been revealed as a shareholder in Transurban, the giant toll road operator set to reap tens of billions of dollars from its deal with the Andrews Labor government to build the West Gate Tunnel.

Liberal leader Michael O’Brien is demanding Mr Pallas stand aside while his shareholdings are investigated.It was revealed on Thursday that Mr Pallas owns the shares in Transurban, which is set to earn about $37 billion in tolls on Melbourne roads from its deal to build the West Gate Tunnel, according to research by the Parliamentary Library.

“Essentially, it’s a set-and-forget fund. In 2011, when the fund was established, Transurban wasn’t in that cohort of investments … some time thereafter it did come inBut Mr O'Brien said the Treasurer's shareholding in Transurban was a clear conflict of interest and he should be sacked.

timpallas TransurbanGroup So Tim Parasite receives dividends from my tolls. I might as well buy shares in it too.

Jeff_Sparrow timpallas TransurbanGroup He must resign or be sent to back bench.

timpallas TransurbanGroup Surely not I can’t except that this could happen under Honest DanielAndrewsMP watch. I think they should spend millions of tax payer dollars to say that there is nothing to see here. ps. Stop making up stuff about crime, there hasn’t been 1 crime since dan became No1 propaganda

timpallas TransurbanGroup Transparency? This state? Nooooo way

timpallas TransurbanGroup How in the world is this allowed to occur. Immediately he should step down and laws need to change. In any organisation this would be against the rules. Breathtaking

timpallas TransurbanGroup Im shocked Labor member enjoying benefits of capitalism

timpallas TransurbanGroup Victoria yours voted these clowns in 🤡

timpallas TransurbanGroup There is no excuse for this.... “set & forget” is just plain unforgivable. As the State’s CFO, you have to have your own finances beyond reproach. Sorry Tim, but you’re GONE!

timpallas TransurbanGroup This doesn’t pass the pub test. Probably a good case for a federal ICAC

timpallas TransurbanGroup Surprise surprise, you know that the ones that shout the loudest about noses in the trough are really the ones with noses in the trough,

timpallas TransurbanGroup & it just goes on

timpallas TransurbanGroup A federal ICAAC is required any Federal Funds involved ?? Is there any siting MPs that have not got their snout in the trough.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Conflict of interest concerns arise over who will control WA container deposit schemeThe West Australian Government is warned against handing control of its new container deposit scheme to the beverage industry. Why do other states find this so hard? South Australia has been doing this SUCCESSFULLY for over 30 years. I am disappointed in ABC News coverage of the shooter. Please do not give this monster a name, background or face.
Source: abcnews - 🏆 5. / 83 Read more »

ANZ woos property investors with interest-only loan changeANZ is loosening some of the clamps it put on interest-only mortgage lending in 2017, after pledging to reopen the door to property investors. clancyyeates The Property Casino is open again baby! clancyyeates They are a big disappointment if you are looking for DECENT competitive interest RATES on long term banking though!! clancyyeates How about ANZ_AU giving a more competitive interest rate to investors with at least 25% equity or deposit rather than increasing risk with a lower deposit. Makes more sense (cents).
Source: smh - 🏆 6. / 80 Read more »