How much did the Rudds pocket from selling their business?

With the Liberal Party in disarray federally and out of power everywhere, the media needs to become the de facto opposition and push for maximum disclosure, accountability and transparency from the Rudd Government.

The 7.30 Report’s Kerry O’Brien is meant to be the toughest television inquisitor in the country, but he dropped the ball with Kevin Rudd last night when it came to the ministerial code of conduct.

Rudd broke his promise to deliver a pre-election ministerial code and he personally has drafted something that has now gone to the Department of Prime Minister & Cabinet for approval before its release next week. This is a wholly unsatisfactory situation because it is Rudd himself who has the biggest conflicts of interests to manage.

We’re told that Therese Rein has sold the Australian division of her burgeoning Ingeus job placement business. To whom? For what price? And most critically – with what warranties given about ongoing Federal government contracts?

Kerry failed to ask any of this, and instead just wanted to know about career juggling:

KERRY O’BRIEN: You and Therese are in unchartered territory in terms of her desire to maintain a business career. I assume it’s going to be case of “suck it and see” in terms of how she will divide her time between her responsibilities as the PM’s wife and as a business woman?

Rudd stuck with his tried and true “she’s very successful, I’m very proud of her and who am I to close Ingeus down” but as Prime Minister this whole situation becomes very different.

PM&C chief Peter Shergold is being asked to look at a document that will go to the very heart of the Rudd family’s personal financial situation.

Lindsay Tanner’s “Operation Sunshine” must surely now go to the release of federal government contracts enjoyed by the Rudd family. Exactly how many tens of millions did they receive from the Howard government and how will contract renewals with the new owner, whoever that is, be handled. Has it been flogged to a mate with assurances the taxpayer cash will keep flowing?

7 Comments

  1. Tom Wilson
    Posted Thursday, 29 November 2007 at 1:24 am | Permalink

    Public office carries with it a responsibility for probity and transparency of action - not only must things ‘be done’ to protect the citizenry (taxpayers) but actions taken to avoid any perception that it is otherwise

  2. Ivor Lewis
    Posted Wednesday, 28 November 2007 at 3:09 pm | Permalink

    Honestly, what does it matter who she sold them to and for how much. And to link “warranties’ (whatever they are in this context) with contracts is ridiculous. Stephen must have got too matey with Peter during the campaign and picked up some bad habits.

  3. Venise Alstergren
    Posted Wednesday, 28 November 2007 at 7:33 pm | Permalink

    The moment we get a Labour Party capitalist prime minister people start screaming rape. I’d rather a capitalist than a fascist or a communist; or how close Australia became to being a totalitarian state under the Howard government’s evil policies.

  4. karen glahn
    Posted Thursday, 29 November 2007 at 10:56 am | Permalink

    Rudd had an easy time at the 7.30 report - but Mayne is uninformed re. his comment of easy flow of public money from to job search providers. A star rating system insures, that if a company does not perform, your contract is cut.

  5. Patricia Weston
    Posted Wednesday, 28 November 2007 at 3:54 pm | Permalink

    Mayne’s offensive tone somehow invalidates this premature query. Only a dirt digging journo desperate for copy could hope that Rudd would be foolish enough to leave himself open to criticism once full disclosure of all ministerial interests are made.

  6. Damian McLean
    Posted Wednesday, 28 November 2007 at 3:53 pm | Permalink

    A bigger issue , is whether the privatiseation of Commonwealth employment servcies has delivered effectively for Govt. Can Rudd be directly involved in a review, that could ulitmately remove the taxpayer funded contracts that are the basis for the busines

  7. Sydney Morgan
    Posted Wednesday, 28 November 2007 at 6:24 pm | Permalink

    Larvatus Prodeo covered this in a blog some time ago starting with this comment :

    http://larvatusprodeo.net/2007/05/28/selling-for-a-reiny-day/#comment-372182.