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Thursday, 29 October 2009
Page: 7733

Senator Bob Brown asked the Minister representing the Treasurer, upon notice, on 10 September 2009:

(1)   What does the Reserve Bank of Australia (RBA) know about a Malaysian middleman that was paid large amounts by Securency International Pty Ltd and Note Printing Australia to strike currency printing deals in Malaysia.

(2)   Did Austrade warn the RBA in 2007 about the middleman; if so, what was the RBA’s response and did the middleman’s employment continue after the warning.

(3)   Has the RBA asked Securency International Pty Ltd to stop using any of its criminally convicted middleman or those implicated in corruption since reports were first published in The Age in May 2009.

Senator Sherry (Assistant Treasurer) —The Treasurer has provided the following answer to the honourable senator’s question:

At the time of this answer, the Australian Federal Police investigation into Securency is ongoing. Accordingly, it would be inappropriate for the Government to comment on the investigation at this time. I note that the RBA’s 2009 Annual Report has made a statement relating to the recent allegations made against Securency.