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Thursday, 21 October 2021
Page: 25

Senator RUSTO N (South AustraliaMinister for Families and Social Services, Minister for Women's Safety and Manager of Government Business in the Senate) (11:29): I seek leave to make a short statement.

The PRESIDENT: Leave is granted for one minute.

Senator RUSTON: The government opposes this motion. ASIC is undertaking an ongoing investigation into the conduct of a number of entities and officers within the Sterling Group of Companies. The government does not wish to prejudice the independent work of ASIC. I refer to the comments I made yesterday, on a similar motion, that matters relating to the Sterling Income Trust have been subject to litigation and the government does not want or wish to prejudice any possible future proceedings.