Additional Estimates - Thursday 16 February 2012 - Foreign Affairs Defence and Trade Committee - EFIC
Senator LUDLAM: I have got some follow-up questions on PNG LNG, about which I have asked extensively before, although I think I missed you last time. I want to ask three briefly about Leighton Holdings, which is currently being investigated by the AFP after allegations of corrupt payments allegedly made in Iraq by Leighton Offshore. This is a deal that EFIC is into by way of performance bonds worth about US$37 million For Late And Offshore. Can you tell me what assessment EFIC carried out on the adequacy of Leighton Offshore's code of conduct and what the result of that assessment was?