Can we trust MPs while they have secret trusts?

Registrar of Pecuniary Interests Margaret Bazley, the country’s busiest pensioner, has presented recommendations for improving the transparency of MPs’ financial interests. It seems like good stuff, but it ignores the elephant in the room – the ability of MPs to use trusts to hide their shareholdings, and their conflicts of interest, from the public.

Don’t take stock tips from Murray

Turns out McCully’s shares in Widespread Portfolios are worth 20 cents a pop. $31 total. He paid a grand for them at $5-odd each. Ouch. Are these guys really so good at business? Is mining really such a good bet for the country? And what is hidden away in the trusts?