House debates

Tuesday, 23 May 2006

Adjournment

Member for Gwydir

9:09 pm

Photo of Kelvin ThomsonKelvin Thomson (Wills, Australian Labor Party, Shadow Minister for Public Accountability and Human Services) Share this | Hansard source

On 26 February, Glenn Milne wrote a story about the member for Gwydir’s AWB share trading. He referred to the fact that the sale took place just prior to the release of the Volcker report, which was highly critical of AWB. In this story, the member for Gwydir denied any advance knowledge of the contents of the Volcker report and said that he had always intended to sell the shares when the price hit $5. This claim contradicted his earlier statement that, on the basis of advice from his accountant, he sold his shares in order to diversify his rural investments. But it gets worse. His claim that he intended to sell the AWB shares as soon as they reached $5—

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