Helen Coonan (NSW, Liberal Party, Minister for Communications, Information Technology and the Arts) Share this | Hansard source

I thank Senator Wong for the supplementary question. I can tell the Senate, in response to the question, that the actions taken by ASIC, including the actions in the Federal Court, have all been taken as a result of investigations that have been undertaken by ASIC. These investigations are ongoing. There is a possibility of further action, both civil and potentially criminal, being considered in relation to the conduct of Westpoint directors and their advisers, including the group’s auditors, KPMG. It is not the role of either the person I represent, the Assistant Treasurer, or indeed me, to pre-empt the way in which ASIC would pursue these investigations. Suffice to say that the answer I have given indicates that investigations are being undertaken, including of the auditors, KPMG. (Time expired)