Norman Moore's wife sells mining stock

Mines and Petroleum Minister Norman Moore today announced his wife, Lee had sold her shares in BHP Billiton, Wesfarmers and Woodside Petroleum but he insisted he had done nothing wrong over perceived conflicts of interest.


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I think it is ridiculous that Mr Moore's wife has felt she had to sell these holdings. I suggest that Ripper and his mates reimburse her for her loss as anyone selling shares into the current market is taking a hiding. I would expect that as long as Moore declared his wife's interest at any occasion the companies in question came up in Cabinet or Parliament, he would be doing the right thing. This effectively means that any spouse of a Member of Parliament cannot hold what are generally regarded as Blue Chip shares. If this is the best Ripper can do, it a good thing they're out of office.

I think this is quite irrational to expect a woman who has worked hard all her life and sacrificed much of her salary into super, which incidentally will have taken a hammering, so the quoted $100K loss from sale of shares, is only the tip of the ice berg. She would already be losing anyway and you could probably add another $100K to the potential loss. I know I am one of the many suffering likewise - there is no recovery for retirees. The shares were declared! Moore is an elder Statesman of integrity and I feel sure he would not risk compromising his career through a conflict interest. These are difficult times and circumstances have changed. Government needs to rethink the impact on innocent parties of its so called "codes"

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