Senate debates

Wednesday, 12 September 2012

Questions without Notice

Reserve Bank of Australia

2:46 pm

Photo of Nick XenophonNick Xenophon (SA, Independent) Share this | Hansard source

My question is to the Minister representing the Treasurer, Senator Wong. I refer to revelations on ABC TV's 7.30 last night and in Fairfax newspapers today regarding the Reserve Bank of Australia's knowledge of serious allegations of corruption and malfeasance in its subsidiaries well before such allegations became public in 2009. Documents revealed that, among other things, in 2007 Assistant Governor Frank Campbell was aware that Securency International had hidden a $492,000 payment to a corrupt Malaysian arms dealer. They also showed that the arms dealer's company wrote to Mr Campbell demanding further payments and stating that it had convinced the Malaysian Prime Minister and cabinet to hand out contracts. Can the minister advise what course of action the government will be taking to investigate these serious claims?

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