Nick Minchin (SA, Liberal Party, Minister for Finance and Administration) Share this | Hansard source

This is just about idiotic semantics. Of course we complied fully with the Corporations Law. As I said, we have had 10 teams of lawyers crawling all over this. The document had to be registered with ASIC. If Senator Coonan used a more colloquial expression to describe the process by which the document was registered with ASIC, so be it. She has not misled the Senate in any way or misled anybody. The document has been registered with ASIC and, to the extent that ASIC was required to be involved in discussion as to the description of the risks, it was to ensure that the document could be registered with ASIC.