George Christensen (Dawson, National Party) Share this | Link to this | Hansard source

asked the Attorney-General, in writing, on 2 March 2011:

In respect of Bankruptcy Number 5091/1998 of Queensland,

(a) did the Insolvency Trustee Service of Australia (ITSA) consider it an offence that the applicant's cash surplus of $360 000 (that had been gained as a result of a transfer of assets and allegedly invested in a superannuation fund on 25 September 1998) was, as subsequently shown in a creditors report, to have been transferred from a trust fund to Vanuatu on 30 September 1998,

(b) when ITSA received advice from the Commonwealth Director of Public Prosecutions (CDPP) that offences had been committed by the applicant, did it refer the matter to the Australian Federal Police (AFP) as it had indicated to creditors it would,

(c) why did the matter not continue to prosecution,

(d) what written advice on this matter was given by the CDPP and the AFP,

(e) why did ITSA's trustee not comply with the findings and directions of the Federal Court on 20 August 1999 in respect of dealing with assets, and instead,

(i) not recover any assets, and

(ii) allow the applicant to carry on his business activity by receiving payments and transferring, registering and selling assets, and

(f) will ITSA's final creditors report be made available to creditors; if not, why not.

Robert McClelland (Barton, Australian Labor Party, Attorney-General) Share this | Link to this | Hansard source

The answer to the honourable member's question is as follows: