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Thursday, 23 August 2001
Page: 30156

Mr CREAN (3:25 PM) —My question is to the Minister for Small Business. Minister, can you confirm that, on 31 January this year, the Groom FEC executive received a letter of advice from accountants Fowler and Board advising that the GST scam should be abandoned, saying:

We express the view that the Commissioner of Taxation could attack these transactions using division 165 of the GST Act.

Minister, didn't you know about this advice? Having received such serious advice and given your obligations under the ministerial code of conduct, why didn't you act immediately to shut down the GST scam?

Mr IAN MACFARLANE (Minister for Small Business) —This is a wild-goose chase being launched by the Labor Party. It is my understanding that, based on the auditor's audit of the FEC, there is nothing untoward happening in the books of the FEC of Groom.