Trad’s Gabba investment house sold for undisclosed amount, Opposition calls for figure to be revealed


October 02, 2019 20:43:32

Deputy Premier and Treasurer Jackie Trad has sold the controversial Brisbane investment property that prompted corruption concerns, earning further criticism from the Opposition for not revealing the sale price.

Key points:

  • Opposition Leader Deb Frecklington says Jackie Trad needs to be open and reveal the sale price
  • The house is close to Cross River Rail, a project overseen by Ms Trad at the time of purchase
  • The CCC found no evidence of corruption but criticised Ms Trad’s failure to properly declare the property

The Treasurer’s office confirmed on Wednesday night the Woolloongabba house had been sold for an amount it declined to reveal.

But Opposition Leader Deb Frecklington said Queenslanders deserved to know the amount.

“That’s completely unacceptable that the Deputy Premier is refusing to declare the sale price of this property,” Ms Frecklington said.

“The Deputy Premier needs to be open, upfront and honest with Queenslanders.

“It lacks transparency and it is obvious that this integrity crisis won’t go away until Jackie Trad, the Deputy Premier of Queensland, is open and honest with Queenslanders.”

“How can we trust Jackie Trad if she’s not prepared to disclose the sale figure?”

The Crime and Corruption Commission (CCC) was asked to examine Ms Trad’s purchase of the Woolloongabba home, which had the potential to grow in value because of its proximity to the nearby Cross River Rail project, which Ms Trad was overseeing at the time of the purchase in March this year.

The house is also in the catchment for a new inner-city primary and secondary school.

In July, the Opposition alleged Ms Trad had engaged in “insider trading” and referred the matter to the CCC.

Ms Trad admitted she had failed to disclose the investment on State Parliament’s Register of Interests within the time limit.

She said that error was not intentional, but then also referred herself to the CCC.

Ms Trad attracted further criticism when she revealed she had personally called CCC chairman Alan MacSporran to discuss the matter.

The Opposition and civil liberties groups criticised the phone call.

Mr MacSporran said while he did not consider himself compromised by the call, he would recuse himself from the CCC inquiry into Ms Trad.

The CCC eventually found “no evidence … that supported a reasonable suspicion of corrupt conduct”.

“However, as a general proposition, failing to declare and properly manage a conflict of interest creates a corruption risk,” the CCC found.

In response, Premier Annastacia Palaszczuk stripped Ms Trad of all Cross River Rail responsibilities.

Ms Frecklington said the Premier had “failed the test of leadership” and that Ms Trad should have been sacked from Cabinet.

“She clearly breached the integrity rules. It is an admission of guilt from Jackie Trad and really it’s a sad day for Queenslanders when the Premier shows such weak leadership over an integrity scandal at the feet of her own Deputy Premier,” Ms Frecklington said.

The ABC has sought a response from Ms Trad.









First posted

October 02, 2019 20:40:30

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