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Friday, 26 November 1965

Mr HAROLD HOLT - I understand that the Commissioner, whose first inquiry was into the investment procedures to which the honorable gentleman has referred, has now decided to widen the investigation into a formal investigation of the kind he is empowered to make under Division 7. of the Life Insurance Act 1945-1961. This Division of the Act guides the Commissioner in the conduct of his investigations and lays down the procedures to be followed in any further action which may appear to him to be necessary or proper to deal with the situation.

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