Newsroom Pro has reported Bayly owns shares worth about $A86,000 ($NZ91,600) in SiteSoft International Ltd, a software company that contracts to government agencies. At the time, the registrar of pecuniary interests, Sir Maarten Wevers, said that MPs must, in certain circumstances, declare shares held in a trust. The Standing Orders committee has been asked to look at the rules around declaring shares held in trust. He told Newsroom Pro that he, his twin brother Paul and another brother bought into SiteSoft in November 2021 to finance its expansion. He told Newsroom Pro he had never offered advice to his brother“I want to confirm to you that I’ve had no direct involvement or management involvement - it’s a passive investment,” he told Newsroom Pro.
