House debates

Wednesday, 23 May 2007

Questions without Notice

Future Fund

2:55 pm

Photo of Lindsay TannerLindsay Tanner (Melbourne, Australian Labor Party, Shadow Minister for Finance) Share this | Hansard source

My question is again to the Treasurer, and it also concerns injustice. Can the Treasurer confirm that Northern Trust, the Future Fund’s global custodian, managed the Enron staff superannuation fund? Can he confirm that Enron employees lost their superannuation because it was invested in Enron companies and that Northern Trust ultimately paid $US37.5 million to Enron employees to settle litigation against it alleging imprudent management of the superannuation fund?

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