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Senator O'Sullivan cuts down property, company portfolio
http://www.thechronicle.com.au/news/senator-osullivan-cuts-down-property-company-portf/3132141/
TOOWOOMBA-based Nationals Senator Barry O'Sullivan has once again been named as one of Australia's richest politicians - but his large property portfolio appears to have diminished.
Senator O'Sullivan topped the list of Australian public servants by property profile, with 16 properties against his name.
This figure has dropped in two years, however, with The Chronicle reporting in 2014 that his total portfolio was more than 50 properties, at a value of roughly $300 million.
An analysis of the senator's declared interests in September 2016 revealed he holds the properties through a number of difference entities, either as a part or full owner.
His number of invested interests in companies has also dropped since 2014, with Senator O'Sullivan declaring just 15 different businesses through six different entities.
This is down from 23 companies two years ago. In both cases, many of the investments are with companies he has part or whole interest in.
Despite his wealth, Senator O'Sullivan charged taxpayers more than $110,000 in expenses during the first six months of 2016, including $52,000 for office facilities and $8,153 in family travel costs.
The Chronicle has approached the senator for comment.
http://www.thechronicle.com.au/news/prime-minister-turnbull-toowoomba-today/3132101/
16 January 2017
FIRST UPDATE: Nationals Senator Barry O'Sullivan has slammed Prime Minister Malcolm Turnbull ahead of his visit to Toowoomba this morning.
The Toowoomba-based senator criticised the PM for his handling of former Health Minister Sussan Ley's expenses scandal, saying it could have been dealt with sooner.
"We seem to know how to get ourselves into trouble ... we seem to know how to stay in trouble as long as we can," he told NewsCorp.
The Prime Minister is in Toowoomba today to visit the Second Range Crossing along with businesses and community groups.
The visit comes just days after the resignation of Ms Ley over her decision to use a taxpayer-funded trip to inspect a property on the Gold Coast.
Mr O'Sullivan said the scandal suggested the Coalition had failed to learn from its previous mistakes.
"It would seem we didn't learn much from the Bronwyn Bishop episode," he said.