LIBERAL senator Arthur Sinodinos has been accused of failing to reveal all the details when confessing he had not properly updated his personal interests.
Senator Sinodinos admitted a fortnight ago he'd been forced to update his pecuniary interests register with six directorships, following inquiries from the media.
Speaking under parliamentary privilege at the time, he also confirmed he'd abandoned a five per cent stake in Australian Water Holdings (AWH), a company linked to disgraced former NSW Labor powerbroker Eddie Obeid.
He said he apologised unreservedly to the Senate for the oversights.
But Labor senator Jacinta Collins on Wednesday said Senator Sinodinos's "late-night mea culpa" had "robbed" the upper house of its chance to ask some serious questions related to his statement.
His "feigned ignorance" around the rules of declaring private interests, particularly as a seasoned corporate and political figure, was worthy of scrutiny, Senator Collins said.
"I seriously question whether Senator Sinodinos's assertions pass the person-in-the-street tests," she said.
"I question whether it is plausible that an experienced corporate executive would simply forget several company directorships."
Her claims drew heated fire from her Liberal counterparts, in particular Senator George Brandis, who rose several times in the chamber to interject on points of order.
But Senator Collins went further, saying there were "unanswered questions" about Senator Sinodinos's directorship at the company Move to Live.
She said Senator Sinodinos "did not volunteer" two weeks ago that he had sat on that company's board with Santo Santoro, a former Liberal Party senator who resigned in 2007 after failing to declare shares.
"Was Senator Sinodinos concerned that revelation of his involvement with Mr Santoro would raise damaging questions about his own political judgment?" she asked.
"Was Senator Sinodinos trying to hide something?"
She said it wasn't the first time Senator Sinodinos, who is also parliamentary secretary to the opposition leader, had been caught out "exercising poor judgment and establishing murky associations".
"Yet this is the man Tony Abbott trusts for advice," she said.
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