▁conflict ▁of ▁interest ▁when ▁he ▁took ▁his ▁shares ▁in ▁ 2 0 0 0 . ▁This ▁arose ▁because ▁at ▁that ▁time ▁Go ode ▁was ▁also ▁a ▁Trust ee ▁of ▁the ▁Liberal ▁Party ▁in ▁Victoria ▁but ▁took ▁the ▁ 3 3 ▁shares ▁in ▁his ▁own ▁personal ▁name ▁instead ▁of ▁on ▁trust ▁for ▁the ▁Liberal ▁Party ▁branch ▁members . ▁Go ode ▁admitted ▁in ▁court ▁he ▁hadn ' t ▁given ▁thought ▁to ▁the ▁conflict ▁issue ▁when ▁he ▁received ▁his ▁shares ▁and ▁on ▁reflection ▁wouldn ' t ▁have ▁taken ▁them ▁in ▁his ▁own ▁name ▁if ▁confront ed ▁with ▁the ▁same ▁question ▁now . ▁However , ▁despite ▁adm itting ▁the ▁conflict ▁of ▁interest ▁Go ode ▁has ▁not ▁res igned ▁as ▁Chair man ▁of ▁C orm ack ▁nor ▁has ▁he ▁handed ▁his ▁shares ▁back ▁to ▁the ▁Party . ▁▁ ▁Although ▁part ▁of ▁the ▁C orm ack ▁Foundation ▁is ▁held ▁on ▁trust ▁for ▁the ▁Liberal ▁Party , ▁its ▁share hold ings ▁have ▁not ▁been ▁dis closed ▁in ▁the ▁party ' s ▁financial ▁accounts . ▁ ▁In ▁ 2 0 1 6 , ▁the ▁C orm ack ▁Foundation ▁made ▁don ations ▁to ▁non - L iber al ▁parties ▁( Family ▁First ▁and ▁the ▁Liberal ▁Democr ats ), ▁and ▁fro ze ▁don ations ▁to ▁the ▁Victor ian ▁branch ▁of ▁the ▁Liberal ▁Party ▁because ▁the ▁branch ▁had ▁threatened ▁legal ▁action ▁against ▁C orm ack . ▁ ▁In ▁ 2 0 1 5 , ▁the ▁newly ▁elected ▁President ▁Michael ▁K ro ger ▁un cover ed ▁a ▁the ft ▁of ▁$ 1 . 5 m