House of Assembly: Tuesday, September 10, 2024

Contents

Funds SA

In reply to Mr COWDREY (Colton) (20 June 2024). (Estimates Committee B)

The Hon. S.C. MULLIGHAN (Lee—Treasurer, Minister for Defence and Space Industries): I have been advised that original estimated value of the Russian assets was as follows:

Immediately preceding the onset of the conflict: AUD $60 million.

Valuation of these assets fell sharply upon the onset of the conflict to AUD $9 million.