Helen Coonan (NSW, Liberal Party, Minister for Communications, Information Technology and the Arts) Share this | Hansard source

Thank you, Senator Ronaldson, for the supplementary question. I was just pointing out to the Senate that it is important that we do not beat about the bush here and that we actually look at what the Labor Party did when in state government. I just want to go through the abysmal record of state Labor governments running commercial enterprises. With the State Bank of Victoria and the Tricontinental group, how much did Labor lose the taxpayer? About $3 billion. Then there was the State Bank of South Australia, which lost $3.3 billion and cost taxpayers about $2.2 billion.