The schedule for Wilson Asset Management’s meetings at the Westin Hotel in Sydney was finalised in August last year and sent to investors.
In audio of an investor phone call made in September, Wilson Asset Management founder Geoff Wilson can be heard talking about his discussions with «the committee chair» and co-ordinating dates for protesters and placards to attend the inquiry.
«I was saying [to the chairman] it would be nice if we could have one of the hearings on a day that we are doing a roadshow,» the fund manager told investors in the recording.
«Then we could do a little protest, we could have our placards and we could walk down there.»
The committee, chaired by Mr Wilson, booked the head office of the Law Society of New South Wales, for the November 20 hearing — the same day as the Wilson Asset Management annual general meeting.
The society is located on Philip Street, 400 metres from the Westin Hotel.
Mr Wilson has two separate investments in funds run by Wilson Asset Management. Wilson Asset Management has $3 billion in funds under management.
The MP has disclosed the shareholding in the parliamentary register but did not inform the inquiry directly until Wednesday.
That is a departure from a standard set by Liberal MP David Coleman, who regularly declared his interests in a financial services firm during a recent banking inquiry.
Mr Bowen said Mr Wilson had no choice but to resign from the committee which is costing taxpayers $160,000 for 12 town-hall style meetings.
«If he won’t, the Prime Minister should sack him,» he said.
«This is collusion in a taxpayer-funded road show dressed up as a House of Representatives committee.»
Mr Morrison said Labor was arrogantly dismissing the concerns of thousands of retirees.
«Now they are trying to shut down people who are trying to give retirees a voice and throwing mud when they can.»
Mr Morrison said he would not sack Mr Wilson over the matter. Treasurer Josh Frydenberg, who initiated the inquiry, has been contacted for comment.
Labor MP Matt Thistlethwaite said he would pursue the matter when Parliament resumes next week.
One option is to try and refer Mr Wilson to the House of Representatives’ privileges committee. This would require Labor getting the support of the crossbench and the Greens.
Labor could also ask the Speaker of the House of Representatives, Tony Smith, to deliver a ruling on whether Mr Wilson has a pecuniary interest in a matter under inquiry by the committee. Banks shares have not been classed as a pecuniary interest when banks have appeared before the committee in the past.
Under parliamentary rules, the opposition is also able to ask Mr Wilson questions during question time.
with Michael Koziol
Eryk Bagshaw is an economics correspondent for The Sydney Morning Herald and The Age.