Jackie Trad stripped of Cross River Rail after Gabba investment property controversy
Queensland Premier Annastacia Palaszczuk is removing her deputy Jackie Trad from all dealings with Brisbane's Cross River Rail project in the wake of her investment house saga.
The move comes after the state's corruption watchdog today revealed it would not launch an official investigation into Ms Trad's handling of an undeclared investment house in Woolloongabba.
The Crime and Corruption Commission (CCC) had been asked to assess whether it would investigate the purchase of the Woolloongabba home, which could grow in value because of the nearby rail project, which Ms Trad oversaw.
Ms Trad remains as Deputy Premier and Treasurer, but Ms Palaszczuk announced on Friday afternoon that Commonwealth Games Minister Kate Jones would be appointed as a permanent replacement to run Cross River Rail.
Ms Trad apologised over the handling of the property.
"I have admitted I have made a mistake and I have also publicly apologised for this and I wish to do so again," she said.
"I want to apologise to the Premier, to my colleagues, to my community and to all Queenslanders, but most importantly, I also want to acknowledge that this has been a very difficult time for my family and I want to apologise to them as well.