Malcolm Turnbull insists there was no impropriety around his association with a British Virgin Islands company set up to exploit a Siberian gold prospect.
The prime minister is named in the Panama Papers as a former director of Star Technology Services Limited, a company incorporated by tax haven law firm Mossack Fonseca.
"There is nothing new there. The company concerned was a wholly owned subsidiary of a publicly listed Australian company," he told reporters in Melbourne on Thursday.
Mr Turnbull was asked if the company had paid its fair share of tax in Australia.
"Had it made any profits which it did not, regrettably, it certainly would have paid tax in Australia," he said.
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"Obviously you haven't studied the accounts of the company concerned."
