Senate debates

Wednesday, 20 October 2021

Committees

Economics References Committee; Reference

4:47 pm

Photo of Anne UrquhartAnne Urquhart (Tasmania, Australian Labor Party) Share this | Hansard source

At the request of Senator Pratt, I move:

That the following matter be referred to the Economics References Committee for inquiry and report by 1 December 2021:

Sterling Income Trust, with particular reference to:

(a) the Australian Securities and Investments Commission's oversight of the Sterling Income Trust;

(b) the need for legislative and regulatory reform to prevent such losses in the future;

(c) access to justice and redress for victims of the Sterling Income Trust Collapse;

(d) the novelty of the products of the Sterling Income Trust;

(e) why the scheme collapsed and where the money went; and

(f) any related matters.

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