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Monday, 22 June 1998
Page: 3654


Senator IAN CAMPBELL (8:16 PM) —The government believes that the audit provisions and the compliance plan provisions are thorough and are designed to protect investors and to ensure that there are sound, sensible third party audits of compliance with compliance plans. We believe that to require three-monthly audits would add massive new expenses to schemes that would be to the detriment of investors—not to their benefit.