Senate debates Questions without Notice

Financial Services


Deborah O'Neill

Deborah O'Neill NSW, Australian Labor Party

2:17 pm

My question is to the acting assistant Treasurer, Senator Cormann. The minister will recall the collapse of Trio Capital and the devastating effect that collapse had on thousands of investors. I refer to the Minister for Finance's pre-election promise in May last year, where he said in relation to the collapse of Trio, 'We do believe that there is a case for the government to look more closely as to whether there would be some justification for a level of compensation, if not for the full amount of the loss but at least a level of compensation.'

Has the minister looked at a level of compensation for the victims of the Trio collapse, as he promised he would?

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