"I met the guy who did it," Treasury secretary John Fraser said of the person who leaked then-treasurer John Howard's speech to veteran political journalist Laurie Oakes in the 1980s. The leak that sunk the budget. Fraser said in Senate estimates yesterday that it was the last time there had been a leak from the Treasury Department.
Fraser is on a hunt for new leaks, however, as hours before the budget lockup in May this year, both Sky News and The Australian Financial Review reported the details of the proposed levy to be imposed on the banks, which was announced in the budget. Both reports went public well before journalists filed into Senate committee rooms, but Fraser has focused his attention on cracking down on the lockup while ASIC and the AFP investigate the leak on the bank levy.