John Hogg (Queensland, Deputy-President) Share this | Hansard source

The President has received a letter from Senator Conroy proposing that a definite matter of public importance be submitted to the Senate for discussion, namely:

The Australian Government’s management of the last tranche of the Telstra sale has cost investors thousands of dollars as evidenced by:

(a)

the fall in the Telstra share price from $7.40 per share at the time of the T2 float to $3.64 today;

(b)

the fact that these shareholders have only recovered $1.86 in dividend payments; and

(c)

a net loss per share for Telstra investors of nearly $2 per share.

Stephen Conroy

Deputy Leader of the Opposition in the Senate Labor Senator for Victoria

I call upon those senators who approve of the proposed discussion to rise in their places.

More than the number of senators required by the standing orders having risen in their places—

I understand that informal arrangements have been made to allocate specific times to each of the speakers in today’s debate. With the concurrence of the Senate, I shall ask the clerks to set the clock accordingly.