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Tuesday, 23 November 1965

Mr SNEDDEN (BRUCE, VICTORIA) (Attorney-General) - The reports of inspectors to which the honorable gentleman has referred were, as stated, made to the New South Wales Attorney-General and were tabled in the New South Wales Parliament. The New South Wales Attorney-General has provided me with copies of those reports. I have looked at them but not in any detail. As to whether I have changed my views about setting up a securities exchange commission similar to that which operates in the United States, this is a matter of policy and one in respect of which I should not like to give an answer at this stage. I must say that action which has been taken through the Standing Committee of Attorneys-General to consider amendments to the Companies Act which are desirable for fuller and franker disclosure in relation to company matters seems to me at this stage to be the best way of handling the matter.

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