Northern Territory Labor Chief Minister Resigns Amid Questions Over Undisclosed Shares

Published on December 19, 2023

Northern Territory leader Natasha Fyles has resigned as chief minister and health minister following disclosure issues over shares in a mining company. The Territory’s 13th chief minister faced calls to step down on Dec. 19 after it was revealed she did not disclose details of her shareholding in South32. South32 is a mining company listed on the Australian Stock Exchange (ASX) for $3.26, after it spun off from BHP Billiton back in 2015. Ms. Fyles, from the Labor Party, owned 754 shares in the company, worth less than $2,500 (US$1,680) based on the share price of the company at the time of writing. In a press conference stepping down from the top job, Ms. Fyles admitted not disclosing the shareholding was an error, but said it was not intentional....

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