Stephen Conroy (Victoria, Australian Labor Party, Deputy Leader of the Opposition in the Senate) Share this | Hansard source

My question is to Senator Minchin, the Minister for Finance and Administration. Does the minister recall his extraordinary claim on the Sunday program last week that even those who bought into T2 have done very well? Hasn’t the Telstra share price more than halved since T2, costing long-suffering Telstra shareholders more than $8 billion in capital losses? Is the minister so out of touch that he seriously believes that T2 investors did very well when they bought T2 shares from the government? Does the minister think that small shareholders who have lost half their capital will buy more shares from a government that is so economically incompetent that it believes investors who lost more than half their money have done well?