Victoria's Assistant Treasurer has apologised for not disclosing his Commonwealth Bank shares when he announced a banking and financial services panel.
Victoria’s Assistant Treasurer Danny Pearson has admitted to an “error of judgment” for not disclosing shares he held in the Commonwealth Bank when he announced a banking and financial services panel for the state.
“The process was run by senior independent public servants and there was a probity auditor engaged throughout who signed off on the process,” he said. When asked why it was not mandatory for ministers to put shareholdings in blind trusts, Andrews said there was an assumption it had already taken place.
“He has questions to answer in terms of how he was involved in this situation ... he is the assistant treasurer and has responsibility for making these decisions,” she said.
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