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The person who leaked classified information to Telecom has been identified, but who that is and who employed them is being kept secret - for now.
The State Services Commission has been conducting an investigation into a leaked cabinet paper about opening up the telecommunications network to competition and says the investigation is nearing its conclusion.
Commissioner Mark Prebble says employment action has been initiated in relation to the leak and there is no continuing risk for the security of government information. He says the full report will be released next week.
The leak forced the government to reveal its plans to regulate Telecom ahead of the budget.
National is calling for the State Services Commission to reveal where the mole who leaked sensitive information about Telecom was employed.
National's deputy leader Gerry Brownlee says the investigation is useless without clarifying where the leak came from. He says it is imperative the minister's office is cleared, so no ministerial staff are under suspicion.
But Brownlee says that given the issue is being treated as an employment matter that information won't necessarily be revealed.
Meanwhile, the Securities Commission is looking into whether the leak affected the "transparent and orderly function" of the securities market.
Since the leak Telecom's share price has been in almost continual decline.
The Commission will consider whether any person misused any market sensitive information before it was made public.
It is also looking at whether government and state sector policies and procedures for handling non-public information which is market sensitive were appropriate.
Telecom's chief executive Teresa Gattung is confident her company will come out of the Securities Commission investigation unscathed.
Gattung says the New Zealand Stock Exchange has conducted its
own investigation into the situation and found the company acted
entirely appropriately.
