Doug Cameron (NSW, Australian Labor Party) Share this | Hansard source

I withdraw. We hear so much about probity, so much about tendering and so much about the proper way to do business. In 1997, the Leader of the Opposition did a deal with Larry Adler of FAI. And what was that deal? That deal was that the Leader of the Opposition, Malcolm Turnbull, would be given $1.5 million to find a buyer for FAI. And what did the Leader of the Opposition do? No independent assessment of the value of FAI; what he told Goldman Sachs was that it would be worth $20 million. And yet, it was sold for $295 million. Look at the misery and the loss that was inflicted on investors in this country then. In June 2006, legal proceedings were taken for misleading investors and misleading the public. That is the calibre of the Leader of the Opposition that we have at the moment in this country. There is no attempt to deal with the real issues facing Australians, no attempt to deal with the global financial crisis and no attempt to stand up for Australians; just more smear and innuendo. (Time expired)