Tim Wilson has sold out of his “terrible” bet against the Australian share market, and claimed to have made a profit from the investment which the shadow treasurer said he would donate to an advocacy group for LGBT rights in Iran.
Guardian Australia first reported on the investment, a leveraged product that profits when the benchmark ASX 200 falls, last year. It was viewed as an unusual investment for a politician given the product profits from market slumps, which is linked to the performance of the economy.
