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Friday, 3 December 1965


Mr CONNOR (CUNNINGHAM, NEW SOUTH WALES) - Has the Treasurer's attention been directed to a list, published in the " Sydney Morning Herald " of 30th November 1965, of debenture investments by major life assurance organisations in H. G. Palmer (Consolidated) Ltd., both before and after its financial linking with M.L.C. Ltd.? Will the Treasurer obtain through the Commonwealth Insurance Commissioner and make available to this House a full list of such investments in H. G. Palmer (Consolidated) Ltd. by all life assurance offices under his control? Will the Treasurer examine this list to determine whether any guide lines can be provided, by legislation or otherwise, to prevent the future hazarding of policy holders' funds held in a semi-fiduciary capacity?







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