Helen Polley (Tasmania, Australian Labor Party) Share this | Hansard source

Mr President, I ask a supplementary question. I will say about the minister that she is consistent in not answering questions. My supplementary question is: is the minister also aware that the Treasurer’s spokesman has also indicated that ASIC had the power to close down Westpoint high-risk schemes in 2004? If this is the case, can the minister explain why ASIC did not close down Westpoint in 2004? What action is the government now taking in response to the lack of action by the regulator?