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Monday, 7 November 2005
Page: 172

Ms Bird asked the Treasurer, in writing, on 14 September 2005:

(1)   Is he aware of correspondence dated 21 April 2004 from the Australian Securities and Investments Commission (ASIC) Executive Director, Enforcement to Mr Richard Talbot concerning the 2003 Annual General Meeting of the National Roads and Motorists’ Association (NRMA).

(2)   Can he say what progress ASIC has made on the concerns raised by Mr Talbot; if not, why not.

Mr Costello (Treasurer) —The answer to the honourable member’s question is as follows:

(1)   and (2) In response to the question, my Department sought advice from ASIC regarding the correspondence. As detailed in media and information release 04-337, the Australian Securities and Investments Commission (ASIC) has completed its enquiries. The Chair of ASIC, Mr Jeffrey Lucy AM, wrote to Mr Talbot on 20 October 2004 and advised him that ASIC had determined that no further action was warranted.