Senate debates Questions without Notice

Telstra


Nick Sherry

Nick Sherry Tasmania, Australian Labor Party, Shadow Minister for Banking and Financial Services

2:21 pm

Mr President, I ask a supplementary question. Can the minister confirm that since he held himself out to be a financial adviser at the Press Club the Telstra share price has fallen by 24 per cent—from $4.72 to $3.60—and Telstra has cut its special dividend? Given the magnitude of the losses suffered by shareholders, I ask again: will the minister apologise to small investors who were suckered by his incompetent and misleading financial advice?

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