Mr Albanese introduced tough obligations under the Ministerial Code of Conduct, which requires all ministers to sell their shares.
Sky News Political Editor Andrew Clennell revealed last week that several ministers had potentially breached the Code of Conduct by failing to properly divest their holdings. Ms Kearney became embroiled in the scandal after it was found she held several shares in healthcare companies, which she later invested in multiple managed funds.
“The Assistant Minister also wrote to me this morning to formally advise that she’s taken the additional steps of divesting all of her interests,” Mr Albanese said in federal parliament today. Mr Albanese had previously said the code allowed ministers to have investments in publicly managed funds if the fund did not invest significantly in a specific business sector, which could create a conflict of interest.
Labor Ministers 'divesting' their 'interests' does NOT count if they are 'divested' to another family member
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