Senate debates

Thursday, 27 November 2014

Questions without Notice

Financial Services

2:17 pm

Photo of Deborah O'NeillDeborah O'Neill (NSW, Australian Labor Party) Share this | Hansard source

My question is to the acting assistant Treasurer, Senator Cormann. The minister will recall the collapse of Trio Capital and the devastating effect that collapse had on thousands of investors. I refer to the Minister for Finance's pre-election promise in May last year, where he said in relation to the collapse of Trio, 'We do believe that there is a case for the government to look more closely as to whether there would be some justification for a level of compensation, if not for the full amount of the loss but at least a level of compensation.'

Has the minister looked at a level of compensation for the victims of the Trio collapse, as he promised he would?

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