A parliamentary question regarding a potential conflict of interest for the Minister for Mines and Petroleum, Hon Norman Moore, due to his involvement with a superannuation fund holding shares in BHP Billiton and Woodside Petroleum. Moore clarifies his past involvement and current lack of interest in the fund.

AnsweredQoN 15Legislative Council
Asked
10 November 2008
Portfolio
Leader of the House

QuestionView source ↗

minister for mines and petroleum — conflict of interest
I refer to the handwritten notation on the Leader of the House’s annual return to Parliament for the period 1 July 2007 to 30 June 2008, which states in the attachment — “Note: the above investments were made with my wife’s superannuation payments after her retirement in 2007. My contribution is nominal only. The fund has been constructed in both our names for convenience only” (1) Is the member aware that, as a trustee of the N.F. and L. Moore superannuation fund, he is ultimately responsible for the running of the fund, and, as a member, he will legally share in the proceeds of that fund? (2) Is the N.F. and L. Moore superannuation fund, which holds, amongst other stocks, BHP Billiton and Woodside Petroleum shares, the same as the Moore Family superannuation fund as reported in the annual return for the period of 1 July 2006 to 30 June 2007, and the same for the previous year? (3) Does the member still have the Moore Family superannuation fund; and, if so, does it hold any shares? The PRESIDENT : Before I invite the Leader of the House to respond, there is a matter I just need to check up on in terms of our standing orders and the act. Hon NORMAN MOORE : We will get the member’s out shortly and start reading through that. Hon Ljiljanna Ravlich : Sorry? Hon NORMAN MOORE : I am looking forward to knowing all about the member’s interests. Hon Ljiljanna Ravlich : What’s the problem? Several members interjected. The PRESIDENT : Would members please restrain themselves. The Leader of the House has the call. Hon NORMAN MOORE

AnswerView source ↗

After all that, I have forgotten the first part of the question; forgive me. (1)-(3) Let me just explain this: I am aware of the obligations and responsibilities of being a member and a trustee of a superannuation fund, and that is why I am no longer a member of it. The period for which that return applies, which is 2007-08, I was, for part of that time at least, a member and trustee of that fund. I am no longer that. I now no longer have any influence over the way in which that fund operates and I have no interest in it at all. The Moore Family superannuation fund was my wife’s original super fund, which she contributed towards as a private fund in addition to her teacher’s superannuation fund, whatever that is called. I had, I think, $2 000 in there or something with which I used to pay a life insurance policy, because if my wife and I were both killed together on a plane crash, our children would not do very well out of my superannuation fund. Therefore, I took out a life insurance policy that is paid for out of the superannuation fund. The Moore Family superannuation fund has been rolled into the N.F. and L. Moore superannuation fund, which still exists and belongs to my wife, not me.
(2) Is the N.F. and L. Moore superannuation fund, which holds, amongst other stocks, BHP Billiton and Woodside Petroleum shares, the same as the Moore Family superannuation fund as reported in the annual return for the period of 1 July 2006 to 30 June 2007, and the same for the previous year? (3) Does the member still have the Moore Family superannuation fund; and, if so, does it hold any shares? The PRESIDENT : Before I invite the Leader of the House to respond, there is a matter I just need to check up on in terms of our standing orders and the act. Hon NORMAN MOORE : We will get the member’s out shortly and start reading through that. Hon Ljiljanna Ravlich : Sorry? Hon NORMAN MOORE : I am looking forward to knowing all about the member’s interests. Hon Ljiljanna Ravlich : What’s the problem? Several members interjected. The PRESIDENT : Would members please restrain themselves. The Leader of the House has the call. Hon NORMAN MOORE replied: After all that, I have forgotten the first part of the question; forgive me. (1)-(3) Let me just explain this: I am aware of the obligations and responsibilities of being a member and a trustee of a superannuation fund, and that is why I am no longer a member of it. The period for which that return applies, which is 2007-08, I was, for part of that time at least, a member and trustee of that fund. I am no longer that. I now no longer have any influence over the way in which that fund operates and I have no interest in it at all. The Moore Family superannuation fund was my wife’s original super fund, which she contributed towards as a private fund in addition to her teacher’s superannuation fund, whatever that is called. I had, I think, $2 000 in there or something with which I used to pay a life insurance policy, because if my wife and I were both killed together on a plane crash, our children would not do very well out of my superannuation fund. Therefore, I took out a life insurance policy that is paid for out of the superannuation fund. The Moore Family superannuation fund has been rolled into the N.F. and L. Moore superannuation fund, which still exists and belongs to my wife, not me.
(3) Does the member still have the Moore Family superannuation fund; and, if so, does it hold any shares? The PRESIDENT : Before I invite the Leader of the House to respond, there is a matter I just need to check up on in terms of our standing orders and the act. Hon NORMAN MOORE : We will get the member’s out shortly and start reading through that. Hon Ljiljanna Ravlich : Sorry? Hon NORMAN MOORE : I am looking forward to knowing all about the member’s interests. Hon Ljiljanna Ravlich : What’s the problem? Several members interjected. The PRESIDENT : Would members please restrain themselves. The Leader of the House has the call. Hon NORMAN MOORE replied: After all that, I have forgotten the first part of the question; forgive me. (1)-(3) Let me just explain this: I am aware of the obligations and responsibilities of being a member and a trustee of a superannuation fund, and that is why I am no longer a member of it. The period for which that return applies, which is 2007-08, I was, for part of that time at least, a member and trustee of that fund. I am no longer that. I now no longer have any influence over the way in which that fund operates and I have no interest in it at all. The Moore Family superannuation fund was my wife’s original super fund, which she contributed towards as a private fund in addition to her teacher’s superannuation fund, whatever that is called. I had, I think, $2 000 in there or something with which I used to pay a life insurance policy, because if my wife and I were both killed together on a plane crash, our children would not do very well out of my superannuation fund. Therefore, I took out a life insurance policy that is paid for out of the superannuation fund. The Moore Family superannuation fund has been rolled into the N.F. and L. Moore superannuation fund, which still exists and belongs to my wife, not me.
The PRESIDENT : Before I invite the Leader of the House to respond, there is a matter I just need to check up on in terms of our standing orders and the act. Hon NORMAN MOORE : We will get the member’s out shortly and start reading through that. Hon Ljiljanna Ravlich : Sorry? Hon NORMAN MOORE : I am looking forward to knowing all about the member’s interests. Hon Ljiljanna Ravlich : What’s the problem? Several members interjected. The PRESIDENT : Would members please restrain themselves. The Leader of the House has the call. Hon NORMAN MOORE replied: After all that, I have forgotten the first part of the question; forgive me. (1)-(3) Let me just explain this: I am aware of the obligations and responsibilities of being a member and a trustee of a superannuation fund, and that is why I am no longer a member of it. The period for which that return applies, which is 2007-08, I was, for part of that time at least, a member and trustee of that fund. I am no longer that. I now no longer have any influence over the way in which that fund operates and I have no interest in it at all. The Moore Family superannuation fund was my wife’s original super fund, which she contributed towards as a private fund in addition to her teacher’s superannuation fund, whatever that is called. I had, I think, $2 000 in there or something with which I used to pay a life insurance policy, because if my wife and I were both killed together on a plane crash, our children would not do very well out of my superannuation fund. Therefore, I took out a life insurance policy that is paid for out of the superannuation fund. The Moore Family superannuation fund has been rolled into the N.F. and L. Moore superannuation fund, which still exists and belongs to my wife, not me.
Hon NORMAN MOORE : We will get the member’s out shortly and start reading through that. Hon Ljiljanna Ravlich : Sorry? Hon NORMAN MOORE : I am looking forward to knowing all about the member’s interests. Hon Ljiljanna Ravlich : What’s the problem? Several members interjected. The PRESIDENT : Would members please restrain themselves. The Leader of the House has the call. Hon NORMAN MOORE replied: After all that, I have forgotten the first part of the question; forgive me. (1)-(3) Let me just explain this: I am aware of the obligations and responsibilities of being a member and a trustee of a superannuation fund, and that is why I am no longer a member of it. The period for which that return applies, which is 2007-08, I was, for part of that time at least, a member and trustee of that fund. I am no longer that. I now no longer have any influence over the way in which that fund operates and I have no interest in it at all. The Moore Family superannuation fund was my wife’s original super fund, which she contributed towards as a private fund in addition to her teacher’s superannuation fund, whatever that is called. I had, I think, $2 000 in there or something with which I used to pay a life insurance policy, because if my wife and I were both killed together on a plane crash, our children would not do very well out of my superannuation fund. Therefore, I took out a life insurance policy that is paid for out of the superannuation fund. The Moore Family superannuation fund has been rolled into the N.F. and L. Moore superannuation fund, which still exists and belongs to my wife, not me.
Hon Ljiljanna Ravlich : Sorry? Hon NORMAN MOORE : I am looking forward to knowing all about the member’s interests. Hon Ljiljanna Ravlich : What’s the problem? Several members interjected. The PRESIDENT : Would members please restrain themselves. The Leader of the House has the call. Hon NORMAN MOORE replied: After all that, I have forgotten the first part of the question; forgive me. (1)-(3) Let me just explain this: I am aware of the obligations and responsibilities of being a member and a trustee of a superannuation fund, and that is why I am no longer a member of it. The period for which that return applies, which is 2007-08, I was, for part of that time at least, a member and trustee of that fund. I am no longer that. I now no longer have any influence over the way in which that fund operates and I have no interest in it at all. The Moore Family superannuation fund was my wife’s original super fund, which she contributed towards as a private fund in addition to her teacher’s superannuation fund, whatever that is called. I had, I think, $2 000 in there or something with which I used to pay a life insurance policy, because if my wife and I were both killed together on a plane crash, our children would not do very well out of my superannuation fund. Therefore, I took out a life insurance policy that is paid for out of the superannuation fund. The Moore Family superannuation fund has been rolled into the N.F. and L. Moore superannuation fund, which still exists and belongs to my wife, not me.
Hon NORMAN MOORE : I am looking forward to knowing all about the member’s interests. Hon Ljiljanna Ravlich : What’s the problem? Several members interjected. The PRESIDENT : Would members please restrain themselves. The Leader of the House has the call. Hon NORMAN MOORE replied: After all that, I have forgotten the first part of the question; forgive me. (1)-(3) Let me just explain this: I am aware of the obligations and responsibilities of being a member and a trustee of a superannuation fund, and that is why I am no longer a member of it. The period for which that return applies, which is 2007-08, I was, for part of that time at least, a member and trustee of that fund. I am no longer that. I now no longer have any influence over the way in which that fund operates and I have no interest in it at all. The Moore Family superannuation fund was my wife’s original super fund, which she contributed towards as a private fund in addition to her teacher’s superannuation fund, whatever that is called. I had, I think, $2 000 in there or something with which I used to pay a life insurance policy, because if my wife and I were both killed together on a plane crash, our children would not do very well out of my superannuation fund. Therefore, I took out a life insurance policy that is paid for out of the superannuation fund. The Moore Family superannuation fund has been rolled into the N.F. and L. Moore superannuation fund, which still exists and belongs to my wife, not me.
Hon Ljiljanna Ravlich : What’s the problem? Several members interjected. The PRESIDENT : Would members please restrain themselves. The Leader of the House has the call. Hon NORMAN MOORE replied: After all that, I have forgotten the first part of the question; forgive me. (1)-(3) Let me just explain this: I am aware of the obligations and responsibilities of being a member and a trustee of a superannuation fund, and that is why I am no longer a member of it. The period for which that return applies, which is 2007-08, I was, for part of that time at least, a member and trustee of that fund. I am no longer that. I now no longer have any influence over the way in which that fund operates and I have no interest in it at all. The Moore Family superannuation fund was my wife’s original super fund, which she contributed towards as a private fund in addition to her teacher’s superannuation fund, whatever that is called. I had, I think, $2 000 in there or something with which I used to pay a life insurance policy, because if my wife and I were both killed together on a plane crash, our children would not do very well out of my superannuation fund. Therefore, I took out a life insurance policy that is paid for out of the superannuation fund. The Moore Family superannuation fund has been rolled into the N.F. and L. Moore superannuation fund, which still exists and belongs to my wife, not me.
Several members interjected. The PRESIDENT : Would members please restrain themselves. The Leader of the House has the call. Hon NORMAN MOORE replied: After all that, I have forgotten the first part of the question; forgive me. (1)-(3) Let me just explain this: I am aware of the obligations and responsibilities of being a member and a trustee of a superannuation fund, and that is why I am no longer a member of it. The period for which that return applies, which is 2007-08, I was, for part of that time at least, a member and trustee of that fund. I am no longer that. I now no longer have any influence over the way in which that fund operates and I have no interest in it at all. The Moore Family superannuation fund was my wife’s original super fund, which she contributed towards as a private fund in addition to her teacher’s superannuation fund, whatever that is called. I had, I think, $2 000 in there or something with which I used to pay a life insurance policy, because if my wife and I were both killed together on a plane crash, our children would not do very well out of my superannuation fund. Therefore, I took out a life insurance policy that is paid for out of the superannuation fund. The Moore Family superannuation fund has been rolled into the N.F. and L. Moore superannuation fund, which still exists and belongs to my wife, not me.
The PRESIDENT : Would members please restrain themselves. The Leader of the House has the call. Hon NORMAN MOORE replied: After all that, I have forgotten the first part of the question; forgive me. (1)-(3) Let me just explain this: I am aware of the obligations and responsibilities of being a member and a trustee of a superannuation fund, and that is why I am no longer a member of it. The period for which that return applies, which is 2007-08, I was, for part of that time at least, a member and trustee of that fund. I am no longer that. I now no longer have any influence over the way in which that fund operates and I have no interest in it at all. The Moore Family superannuation fund was my wife’s original super fund, which she contributed towards as a private fund in addition to her teacher’s superannuation fund, whatever that is called. I had, I think, $2 000 in there or something with which I used to pay a life insurance policy, because if my wife and I were both killed together on a plane crash, our children would not do very well out of my superannuation fund. Therefore, I took out a life insurance policy that is paid for out of the superannuation fund. The Moore Family superannuation fund has been rolled into the N.F. and L. Moore superannuation fund, which still exists and belongs to my wife, not me.
Hon NORMAN MOORE replied: After all that, I have forgotten the first part of the question; forgive me. (1)-(3) Let me just explain this: I am aware of the obligations and responsibilities of being a member and a trustee of a superannuation fund, and that is why I am no longer a member of it. The period for which that return applies, which is 2007-08, I was, for part of that time at least, a member and trustee of that fund. I am no longer that. I now no longer have any influence over the way in which that fund operates and I have no interest in it at all. The Moore Family superannuation fund was my wife’s original super fund, which she contributed towards as a private fund in addition to her teacher’s superannuation fund, whatever that is called. I had, I think, $2 000 in there or something with which I used to pay a life insurance policy, because if my wife and I were both killed together on a plane crash, our children would not do very well out of my superannuation fund. Therefore, I took out a life insurance policy that is paid for out of the superannuation fund. The Moore Family superannuation fund has been rolled into the N.F. and L. Moore superannuation fund, which still exists and belongs to my wife, not me.
After all that, I have forgotten the first part of the question; forgive me. (1)-(3) Let me just explain this: I am aware of the obligations and responsibilities of being a member and a trustee of a superannuation fund, and that is why I am no longer a member of it. The period for which that return applies, which is 2007-08, I was, for part of that time at least, a member and trustee of that fund. I am no longer that. I now no longer have any influence over the way in which that fund operates and I have no interest in it at all. The Moore Family superannuation fund was my wife’s original super fund, which she contributed towards as a private fund in addition to her teacher’s superannuation fund, whatever that is called. I had, I think, $2 000 in there or something with which I used to pay a life insurance policy, because if my wife and I were both killed together on a plane crash, our children would not do very well out of my superannuation fund. Therefore, I took out a life insurance policy that is paid for out of the superannuation fund. The Moore Family superannuation fund has been rolled into the N.F. and L. Moore superannuation fund, which still exists and belongs to my wife, not me.
(1)-(3) Let me just explain this: I am aware of the obligations and responsibilities of being a member and a trustee of a superannuation fund, and that is why I am no longer a member of it. The period for which that return applies, which is 2007-08, I was, for part of that time at least, a member and trustee of that fund. I am no longer that. I now no longer have any influence over the way in which that fund operates and I have no interest in it at all. The Moore Family superannuation fund was my wife’s original super fund, which she contributed towards as a private fund in addition to her teacher’s superannuation fund, whatever that is called. I had, I think, $2 000 in there or something with which I used to pay a life insurance policy, because if my wife and I were both killed together on a plane crash, our children would not do very well out of my superannuation fund. Therefore, I took out a life insurance policy that is paid for out of the superannuation fund. The Moore Family superannuation fund has been rolled into the N.F. and L. Moore superannuation fund, which still exists and belongs to my wife, not me.

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