Chris Bowen (Prospect, Australian Labor Party) Share this | Hansard source

Still on the sale of Snowy Hydro, has the minister’s attention been drawn to comments by Mr Ivor Ries of EL Ballieu, stockbrokers, on Radio National on 2 June, when he referred to the aborted sale of Snowy Hydro? He said:

Well, it’s obviously going to make Telstra a lot harder to sell. You know, because the Government can flip-flop around on policy on a day-to-day basis it’ll significantly decrease foreign investor confidence in Government policy here. So I guess it’s devalued Telstra.

Can the minister inform the House whether the Department of Finance and Administration has prepared any projections or estimations as to whether the revenue from the sale of Telstra has been adversely affected by the decision to abort the sale of Snowy Hydro?

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