Prime Minister Malcolm Turnbull said an investigation found Stuart Robert had breached the government's Code of Ministerial Standards through his 2014 trip to Beijing with a friend and donor to the ruling Liberal Party, Paul Marks.
Marks made the trip to seal a mining deal between his company Nimrod Resources and Chinese government-owned Minmetals.
Minmetals' website said Robert, then assistant defense minister, spoke at the signing ceremony on behalf of the Australian Defense Department. But under questioning this week, Robert said he went to China as a private citizen while on leave.
The opposition accused Robert of breaching a section of the code of conduct that states a minister must not assist any company or business except in an official capacity as a minister.
Turnbull said Robert had discovered since the trip to China that he had shares in a company Metallum Holdings, which had an interest in Nimrod Resources.
"Mr. Robert recognized that this connection would create the impression that at the time he went to Beijing, he had something personally to gain from the Nimrod Resources project," Turnbull said in a statement.
The lawmakers initially kept them only because they thought the USD 28,000 timepieces were fake, the Herald Sun newspaper reported. But they returned the watches after discovering they were genuine.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
