Paul Scarr (Queensland, Liberal Party) Share this | Hansard source

My question is to the Minister representing the Prime Minister, Senator Wong. I refer to the government's Code of Conduct for Ministers. Clause 3.11, under Shareholdings, states:

In recognition of the collective responsibility that Ministers bear in relation to Cabinet decisions, this Code requires that Ministers divest themselves of investments and other interests in any public or private company or business, other than public superannuation funds or publicly listed managed funds or trust arrangements where:

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(ii) the fund or trust does not invest to any significant extent in a business sector that could give rise to a conflict of interest with the minister's public duty.

What is the definition of 'significant extent'?