Kristy McBain (Eden-Monaro, Australian Labor Party, Minister for Regional Development, Local Government and Territories) Share this | Hansard source

Thank you, Prime Minister. I thank the member for the question, because it is an important topic. After I was sworn in as a minister, I divested myself of shares by transferring them to my husband. On reviewing the code of conduct and after making some additional inquiries, I realised that that was not an adequate form of divestment. My husband and I at all times fully intended to sell the shares. However, I am the first to admit that that should have taken place sooner. I take my responsibilities as a minister very seriously. We have now divested ourselves of all the shares to ensure that there's no conflict of interest. Since the shares are now sold, I consider the matter closed. At no point did I intend to deceive the parliament. I adequately disclosed, as I was required to, unlike those opposite.

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