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Turnbull considers buying Australian Labor Party

Malcolm Turnbull

Boscutti Report - Turnbull considers buying Australian Labor Party

SYDNEY (Boscutti Report) — After his successful purchase of the Liberal Party of Australia, Prime Minister Malcolm Turnbull is considering buying the Australian Labor Party.

Mr. Turnbull purchased the Liberal Party of Australia on a two-part installment plan with one payment of $1 million in October 2016 and one of $750,000 in December 2016.

‘I believe it’s important to back Australian enterprises,’ he said.

‘I believe there’s a great deal of untapped value in the Australian Labor Party.’

A spokesman for Mr Turnbull said a potential purchase price had not been disclosed.

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