Peter Dutton announced share sale on day Kevin Rudd warned of a ‘national economic emergency’

News.com.au - 03/03
Peter Dutton disclosed to Parliament that he had dumped his Commonwealth Bank shares on the same day that Kevin Rudd announced a $42 billion stimulus package, warning that Australia was “facing an unfolding national and international economic emergency.”

Peter Dutton disclosed to Parliament that he had dumped his Commonwealth Bank shares on the same day that Kevin Rudd announced a $42 billion stimulus package, warning that Australia was “facing an unfolding national and international economic emergency.”

Last week, News.com.au exclusively revealed the Liberal leader declared he had bought shares in the big three banks on January 23 2009 - the day before the Rudd Government announced a $4 billion Ruddbank plan. Those shares went on to surge by 20 per cent.

Mr Dutton’s register of interests has now confirmed the day he told Parliament he had sold the Commonwealth Bank shares, ten days after the initial declaration, was also noteworthy.

It was a busy day of parliamentary sittings when he updated his share register on February 9, 2009, but it was all doom and gloom on the economic front as the Prime Minister warned of the impact of a global recession.

Peter Dutton's declarations regarding Commonwealth Bank. Picture: AI Generated

“The world is now caught in the worst economic crisis since the Second World War,’’ Mr Rudd warned as he justified the $42 billion spend-a-thon.

“The government cannot reverse the impacts of a global recession, but this government will move heaven and earth to reduce the impact of that global recession on Australia.”

The same day Mr Dutton told Parliam...
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