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Thursday, 27 June 1996
Page: 2319

Senator MICHAEL BAUME —I give notice that, on the next day of sitting, I shall move:

That the Senate—

(a)   notes:

   (i)   the continual failure of companies in Mr Paul Keating's former piggery group to meet the requirements of the Corporations Law, both during his 3-year 50 per cent ownership and subsequently, which has resulted in successful prosecutions of Mr Keating's former piggery partner, Mr Achilles Constantinidis, and his solicitor, Mr Coudounaris, who is secretary of his family company,

   (ii)   that no annual returns have yet been filed for Parkville Pig Stud Pty Ltd since the year ended 30 June 1994, almost 2 years ago, in breach of Australian Security Commission (ASC) reporting requirements,

   (iii)   the last available annual return shows Mr Constantinidis and his family trustee companies as 100 per cent owners of this company which operates a piggery at Moonbi, near Tamworth, following the `disposal' of Mr Keating's half-ownership of it in March 1994, and

   (iv)   Mr Constantinidis, who has held Mr Keating's power of attorney for some years, is also a director of other former Keating piggery companies in the Brown and Hatton group which still have substantial unpaid debts going back for years and which have not filed annual returns, as required by law, although they continued to trade during the 1994-95 financial year, for which annual returns are now 5 months overdue; and

(b)   calls on Mr Constantinidis, who has already been found guilty of offences under the Corporations Law, to cease his contemptuous disregard of the Corporations Law, and meet the requirements of the ASC to file annual returns.