Penny Wong (SA, Australian Labor Party, Shadow Minister for Corporate Governance and Responsibility) Share this | Hansard source

Mr President, I ask a supplementary question. Can the minister explain exactly what ASIC’s role was in relation to the specific parts of the T3 prospectus and whether it approved the final version, particularly in relation to the ‘Cousins risk’? Further, can the minister advise whether Senator Coonan was wrong when she said that ASIC had ‘signed off on the prospectus’? Will the minister now ensure that this misleading information is corrected and communicated to the market? Aren’t potential investors entitled to know the nature of ASIC’s involvement in the prospectus, and will the minister now take steps to ensure the market is appropriately informed?