Star Mining is an Australian listed company which hoped to develop a $20 billion Siberian gold mine called Sukhoi Log.

The paper reports there is no suggestion he acted improperly while a director.

Mr Turnbull's spokesman said the Prime Minister didn't know the company was administered by Mossack Fonseca. Credit:Alex Ellinghausen

Mr Turnbull defended his involvement in the company when questioned on Thursday.

"Let me say to you that the company in which you Neville Wran and I were directors was an Australian-listed company and had it made any profits which it did not, regrettably, it certainly would have paid tax in Australia - obviously you haven't studied the accounts of the company concerned," he said.



"As the article acknowledged, there is no suggestion of any impropriety whatsoever. There is nothing new there."