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Notice given 7 December 2006

2928  Senator Conroy: To ask the Minister for Communications, Information Technology and the Arts—

(1) Can the Minister explain why the Australian Broadcasting Corporation’s (ABC) annual report for 2005-06 does not contain the graph, contained in previous annual reports, of the ABC’s operational appropriation in real terms compared with the 1985-86 financial year.

(2) With reference to a statement by the ABC at the supplementary budget estimates hearing of the Environment, Communications, Information Technology and the Arts Legislation Committee on 31 October 2005 (Committee Hansard, p. 83) that at the time the ABC had $51 million less in real terms to make programs than in the 1995-96 financial year: (a) can an update be provided on this figure; (b) how much funding will the ABC receive from the Commonwealth to make programs for the 2006-07 financial year; and (c) in real terms, what is the equivalent figure for the 1995-96 financial year.

2929  Senator Webber: To ask the Minister representing the Treasurer—

(1) Did the Australian Prudential Regulation Authority (APRA) ever place any restrictions, formally or informally, on Mr Murray Nugent or the companies he was involved with, specifically Reward Insurance Ltd and Australian Home Warranty Pty Ltd, on writing licensed builder home warranty insurance (LBHWI) from 1 July 1999 onwards.

(2) Can the Minister confirm that Mr Nugent continued to write LBHWI through Rewards Insurance Ltd after 1 July 1999.

(3) Can the Minister confirm that APRA has the power to disqualify an individual from holding roles within the Australian insurance industry; if so, why has APRA never moved to disqualify Mr Nugent from operating in the insurance industry.

(4) If Reward Insurance Ltd was under the minimum capital requirements for insurance companies from 2001 onwards, why did not APRA shut the company down.

(5) Can an outline be provided of all investigations, recommendations and directions undertaken and instigated into Reward Insurance Ltd since 1999 by: (a) APRA; and (b) the Australian Securities and Investments Commission (ASIC).

(6) Can the Minister confirm that investigations by APRA and ASIC into Reward Insurance Ltd and Mr Nugent have stalled since May 2005; if so, why.