Penny Wong (SA, Australian Labor Party, Shadow Minister for Corporate Governance and Responsibility) Share this | Hansard source

Mr President, I ask a supplementary question. I remind the minister that the crux of the question I asked her was whether or not there had been any investigation or action taken in respect of KPMG’s role as auditor of Westpoint. She failed to answer the question, and I ask whether she can provide an answer. Can the minister also advise whether she is aware that KPMG were also the auditors of the so-called independent research house report which gave Westpoint a three-out-of-five-star rating as an investment entity, used by many planners as the basis to recommend that Australians place their superannuation life savings in Westpoint. Can the minister advise whether ASIC is investigating KPMG in signing off on the research house report?