Barnaby Joyce (New England, Pauline Hanson's One Nation Party) Share this | Link to this | Hansard source

Yet again, I have a meeting with people who have had their money stolen. Lion Property Group has their 400 victims—$250 million has gone. The Albanese government, under the Assistant Treasurer at the time, Stephen Jones—he said the system had to prevent collapses, malfeasance, mis-selling and catastrophic consumer losses. You haven't done that. That's on the back of me representing First Guardian and Shield Master Fund. What is going on? Who is looking after this? What is ASIC up to?

I'm going to give some tips, as an old auditor, for what they should look at in some of these authorising bodies. Who authorised MWL to have a licence? Who audited MWL? When was the last audit of MWL? What type of audit was undertaken—qualified or unqualified? What fees did MWL receive for placing the business? What security did the directors of MWL receive? What fees did Equity Trustees receive for handling the money of MWL? What fees did the directors of Equity Trustees receive to manage the funds? Who are the audit partners of Equity Trustees? What are the auditors' fees? What report did the auditor deliver on where Equity Trustees were investing? What working papers can the auditor present to describe diligence in their job? How much did they charge in Equity Trustees? No answers have been given. And, if they can't do the job, hand it over to me. I'll do it for them.