Month: October 2013

God Save Our….. Tax Dollars? Senator Eggleston and the Queen’s Diamond Jubilee

By Kate Doak.
By Kate Doak.
Senator Mitch Fifield (Left) and Senator Alan Eggleston (Right).  Photo Courtesy of www.mitchfifield.com
Senator Mitch Fifield (Left) and Senator Alan Eggleston (Right). Photo Courtesy of www.mitchfifield.com

With all the news about strange travel claims being made by Australia’s politicians, one of the most princely claims that I’ve come across so far has been the one by Senator (Doctor) Alan Eggleston from the 2nd to the 10th of June last year in London.   Now as the ardent Monarchists amongst you will know, this was about the same time as the Queen’s Primary Diamond Jubilee celebrations last year.  From Dining with Royals through to partaking in Jubilee Celebrations and going to Lords Cricket Ground, the good Senator Eggleston had a particularly interesting trip to say the least.  This is further exemplified by the rest of his travel itinerary, part of which has been attached below.  While I’m not saying that Senator Eggleston has broken any rules, this particular trip is sufficiently strange enough to warrant further investigation.

Senator Eggleston - Sydney London-Sydney trip - 2/6/12 to 10/6/12 - Page 273 of Parliamentarian OST Report January to June 2012
Senator Eggleston – Sydney London-Sydney trip – 2/6/12 to 10/6/12 – Page 273 of Parliamentarian OST Report January to June 2012

 

 

Needless to say, the further that the Travel Claims scandal progresses in Parliament, the harder its going to be for an inquiry on the travel entitlements of politicians to be formed as numerous MPs and Politicians become tied up in it.  Consequentially, this sorry story could have a while to go yet before it runs out of steam.

The Turnbulls and the shares in Leighton Holdings’ parent company, Hochtief AG……

By Kate Doak.
By Kate Doak.
Photo courtesy of ABC News and ABC 7.30 - 9/4/13
Photo courtesy of ABC News and ABC 7.30 – 9/4/13

With the news that Leighton Holdings is under a major Federal investigation over approximately $50 million worth of kickbacks and other forms of corruption within Indonesia and the Middle East, some serious questions need to be asked of The Honourable Minister for Communications Malcolm Turnbull and his wife Lucy, in relation to their involvement with that particular company over the past few years.

As I reported earlier this year, Mr and Mrs Turnbull have previously invested in Hochtief AG (HOTG.DE), which is the majority (55%) shareholder  of Leighton Holdings. These shares were reportedly sold in February 2012 by The Turnbulls, about roughly the time that corruption allegations at Leighton Holdings first started coming to light.  Coincidentally, the sale of these shares wasn’t reported by Mr Turnbull to the House of Representatives Pecuniary Interests Register, which sitting MPs and their immediate family are required to report changes in their financial interests to, within a 28 day period.  Strangely enough, Mr Turnbull let this “administrative error” lie for close to 18 months, until I pressured him on his family’s investments in the NBN contractor and its $3.1 Billion involvement in the project earlier this year. Over the course of next five months after the alleged sale, Hochtief AG proceeded to loose over a third of its value on the German Xetra stock exchange, according to Reuters.

Screen Shot 2013-06-28 at 10.58.39 PM
Screenshot of Mr Turnbull’s Pecuniary Interest Statement for the 43rd Parliament – 3rd of June 2013 submission

Needless to say, given how business-savvy the entire Turnbull family have been over the past few decades, it struck me at the time I wrote my previous articles as being rather strange that they would suddenly want to divest themselves of their shares in this company, just as they were starting to be awarded a series of major infrastructure projects via their majority-owned local subsidiary.  Due to the events of this morning and the past week however, I’ve now got more questions than answers in relation to the sale of these shares than what I had previously.

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