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Perhaps it was a misprint - didn't Gillard call it a "slush" fund? "Trust" fund actually sounds much more respectable...
We have managed a trust fund when managing units some time ago and the rules are very strict with spot audits and every receipt must be kept and books reconciled monthly.
Whereas a "slush" fund seems to be a much looser arrangement.
You are spot on sails, this morning Conroy kept harping on about, even he had a re-election fund, that he put money in.
What the reporter didn't focus on enough was, it wasn't a re-election fund it was a safety fund if I heard it right.
Also how much of their own money did they put in?