Treasurer Tim Nicholls
Treasurer Tim Nicholls lnp.org.au

Treasurer warns of black hole

THE Queensland Treasurer, Tim Nicholls, has warned there will be some ''big surprises'' in the first report of the Peter Costello-led commission auditing the state's finances.

The extent of the deterioration of Queensland's financial position uncovered by the commission will be revealed on Friday.

Mr Nicholls has told colleagues to expect ''a couple of big surprises'' in the commission's preliminary report, which will inform the crafting of the Newman government's first budget.
Advertisement: Story continues below

Treasury staff ''were queueing up to show [the audit commission] where the bodies were buried'', The Sun-Herald has been told.

''They all want to protect their reputation; they've spilled their guts,'' a Liberal National Party source said. ''They've shown us everything that was done to cook the books.

Read more at Brisbanetimes.com.au
 



Hundreds of kids potentially exposed to footy-field asbestos

Hundreds of kids potentially exposed to footy-field asbestos...

Hundreds of children potentially exposed to asbestos over months.

SICKENED: 'Getting tackled, heads rubbed into the ground'

premium_icon SICKENED: 'Getting tackled, heads rubbed into the ground'

How Collegians found out soil was contaminated with asbestos.

Big banker's amazing double life as cowboy photographer

premium_icon Big banker's amazing double life as cowboy photographer

Banker's weekend passion returns incredible snaps of our region.

Local Partners