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Wednesday, 11 March 1998
Page: 976

Mr CREAN —My question is directed to the Prime Minister. Does the Prime Minister stand by his statement of 15 October 1996, `I mean the guidelines say that you cannot have interests in companies which operate in your area of portfolio responsibility?' Is the Prime Minister aware that, according to the lastest available company return, the Minister for Resources and Energy, who has responsibility for the coal industry, holds shares worth over $2 million in a coal mining and export company Queensland Coal Mine Management, which, I am advised, paid him a tax free dividend stream of almost $300,000 in his first year as minister? Prime Minister, does this not constitute a clear breach of your code of conduct? What action will you be taking?

Mr HOWARD (Prime Minister) —I will take the question on notice and come back at an appropriate time.