SKIP TO MAIN CONTENT

Turnbull forced to explain personal investments in 7-Eleven

Prime Minister Malcolm Turnbull has once again been forced to explain his personal investments in the 7-Eleven business enterprise in the wake of the latest underpaid employee scandal.

7-11 convenience store
7-11 convenience store Source: Getty Images

1 min read

Published

Updated



Skip to article content

A video has emerged purporting to show a Brisbane employee being forced to pay back half their wage to an employer.

Opposition leader Bill Shorten called on Mr Turnbull in question time to explain if the investment fits within ministerial standards of integrity.

"As a result of this cash back scam, staff are paid $11 dollars an hour below the minimum wage, given the Prime Minister's own ministerial standards requires ministers to act with the highest standards of integrity, how can the PM possibly justify his on going holdings in managed funds which invest in 7-11."

However Mr Turnbull says his managed funds are managed by an external advisor at arms length.

"I don't choose those stocks, I don't choose those stocks the funds invest in. I am completely transparent and they're there to be seen, the allocation of the funds are a matter for my advisor."


News

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS Chinese

Download our apps

Listen to our podcasts

Get the latest with our exclusive in-language podcasts on your favourite podcast apps.

Watch on SBS

Simplified Chinese Collection

Watch onDemand

Stream now