pcmhacking.net

Tony Abbott has wound back the ministerial code of conduct to allow federal ministers to keep shares in public companies they would have been forced to sell under the Gillard and Rudd governments.

“In recognition of the collective responsibility that ministers bear in relation to cabinet decisions, these standards require 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,” the 2010 guidelines read.

This language is removed from Abbott’s code, and is replaced by the phrase: “In recognition of the responsibilities that ministers bear, these standards require that ministers make arrangements to avoid conflicts of interests arising from their investments.”

delcowizzid wrote:im surprised he hasnt been shot or exploaded yet LOL