Prime Minister John Key resisted the temptation to attack David Shearer for his memory lapse:
It is “unfortunate” Labour leader David Shearer forgot to declare an offshore bank account with at least $50,000 in it since he became an MP, Prime Minister John Key says. . .
Key said the oversight was “unfortunate”, but mistakes could be made.
However, National had not had much support from Labour when that was the case in the past, he said.
“In the end he’s [Shearer] got to make peace with the New Zealand public,” Key said.
He had “tried not to” forget about investments worth $50,000, and he said Shearer’s bank account could hold quite a bit more than that.
Key had been criticised for failing to declare Tranz Rail shares. . .
Act leader John Banks was unable to resist the temptation.
Hon John Banks: Could the Minister for State Owned Enterprises tell me whether funds could be used from a secret bank account in New York to purchase shares in this initial public offering? [Interruption]
Mr SPEAKER: A legitimate question.
Hon TONY RYALL: That is a very good question, because if a New Zealander was one of the pre-registered 400,000 and they were able to get the benefits of that pre-registration in terms of their shares, they would have to pay for them. We would be unclear of whether the bank account was secret or not, but we would presume people would actually know they had a bank account.
Given the delight Labour took in criticising Banks for his memory lapse he could be excused this schadenfreude.