Helen Polley (Tasmania, Australian Labor Party) Share this | Hansard source

My question is to Senator Minchin, the Minister for Finance and Administration. Doesn’t the T3 prospectus that the minister signed off on yesterday identify that Telstra considers government regulations and the proposed appointment of Mr Cousins as serious risks to the future of the company? Doesn’t Telstra say that these risks could impact on the delivery of the promised 28c dividend in 2007? Given that the government refuses to agree with Telstra’s assessment on these issues, how on earth are mum and dad investors supposed to know who is telling the truth? Do they believe the government and assume that Telstra is misleading them? If the government thinks the board’s assessment is wrong, does that mean Telstra has breached its duty to accurately inform investors?