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

Mr President, I ask a supplementary question. Can the minister advise whether ASIC became aware of the suspect transactions via information received from OWS, or is it the case that it was only via the administrator’s report? If so, does the minister consider it acceptable that the OWS review of the financial statements of the Cowra Abattoir gave it a clean bill of health at the same time as the owners were moving funds to other allegedly related companies? Finally, will the minister guarantee that ASIC will investigate OWS’s knowledge of the movement of funds out of the business and the reason for its failure to provide this information to ASIC?