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10 May 2011

353  MR DANBY: To ask the Minister for Foreign Affairs—

(1) Is he able to confirm that on 23 February 2011 Senegal cut diplomatic ties with Iran; if so, can he indicate whether this was based on Senegal’s concerns about an arms shipment from Iran that landed in the Apapa port of Lagos, Nigeria, in July 2010.

(2) Can he confirm that (a) this shipment of arms was in violation of United Nations sanctions under Security Council Resolution 1929 or any other resolution(s), and (b) the ship transporting these arms was owned by CMA CGM.

(3) Can he confirm whether CMA CGM owned the ship Victoria, seized by Israel off Gaza on the 24 February 2011, and whether Victoria was on this occasion containing arms in violation of United Nations Security Council Resolution 1929, or any other resolution(s).

(4) Do ships operated by CMA CGM visit or transit in Australia; if so, (a) on what dates since 1 January 2007, and (b) were their cargoes inspected by Australian authorities; if so, were they found to be in breach of any United Nations Security Council resolutions.

354  MR FLETCHER: To ask the Assistant Treasurer—In respect of investigations by the Australian Securities Investments Commission (ASIC) into (a) Trio Capital Ltd and its associated managed investment schemes, (b) Storm Financial Ltd, and (c) the Westpoint Group of companies, (i) when did investigations commence, (ii) what prompted the investigations, and (iii) what series of actions were taken by ASIC to prevent each entity from continuing to operate, or continuing to offer financial products.

355  MR FLETCHER: To ask the Assistant Treasurer—In respect of investigations by the Australian Securities Investments Commission (ASIC) into (a) Trio Capital Ltd and its associated managed investment schemes, (b) Storm Financial Ltd, and (c) the Westpoint Group of companies, (i) approximately what total sum of money was lost by investors in each fund/scheme, (ii) what series of actions were taken by ASIC against parties, including third parties, for loss recovery purposes, including compensating investors, (iii) what criteria were used by ASIC in taking such actions, particularly in determining whether the public interest was served, (iv) how were the facts of each case assessed against the criteria, (v) what weight was given to situations where investors had been placed into very risky investments, versus those where money was lost through fraud, and (vi) what was the outcome of the series of actions taken by ASIC.

356  MR FLETCHER: To ask the Assistant Treasurer—In respect of the investigations by the Australian Securities Investments Commission into Trio Capital Ltd and its associated managed investment schemes, what actions are being, or have been, taken to pursue international enforcement, for example, via intergovernmental treaties, liaison with the regulatory agencies, extradition arrangements, etc.