Peter Dutton, the leader of the Coalition, has responded to allegations regarding a lack of transparency related to his substantial property and share investments. Over the past 35 years, Dutton has engaged in property transactions amounting to $30 million, according to a report by the Sydney Morning Herald, which highlights his portfolio of 26 real estate investments.
Dutton’s history includes purchasing shares from major Australian banks shortly before a government bailout in January 2009, a move that subsequently caused a surge in share prices. While some of these investments were disclosed, they were reportedly declared shortly before the bailout announcement. Prime Minister Anthony Albanese opted to refrain from commenting on the specifics of Dutton’s investment activities, allowing Dutton to categorise the scrutiny as "ancient history."
In addressing the criticisms, Dutton stated, "I bought shares over the years," recalling his early experiences as an investor at 18 or 19. He firmly asserted that he has always acted with integrity throughout his career, from his time as a police officer to his political role. His share trades were officially reported between October 2008 and March 2009, a timeline Dutton suggests does not imply the presence of any misconduct.
When pressed for further details, including meeting minutes from 2009, Dutton dismissed the idea of revisiting past events, maintaining that his declarations were sufficient and he has nothing to conceal regarding his family’s assets. He explained that minor delays in paperwork were not significant, further emphasising the exhaustive nature of the scrutiny his financial history has undergone.
Dutton defended himself by stating, "They’ve trawled through every transaction of my life for my entire adult life," expressing pride in his financial achievements and attributing his success to hard work rather than privilege. He rebuffed claims of undisclosed assets in trusts and indicated that he believes the electorate will view his investment track record positively, reflecting his capability in managing finances.
A spokesperson for Dutton implied that the focus on his share dealings emanated from political motivations related to the Albanese administration. It’s important to note that there is currently no assertion of wrongdoing on Dutton’s part.