Question regarding the Park View Estate development liquidation and potential misconduct by financiers, directors, and company managers. The Minister deflects, criticizes the questioner, and discusses a separate case.

AnsweredQoN 334Legislative Assembly
Asked
15 November 2000
Member
Portfolio
Fair Trading

QuestionView source ↗

(1) What action is the minister taking against the financiers and promoters of the Park View Estate development in Canning Vale, which will be liquidated today by fire sale for just over half the $9.65m in loans made to the project? (2) In particular, what action does the minister intend to take against Clifton Partners Finance, now known as Knightsbridge Finance Ltd, which failed to secure the investments of mortgagees by not registering their interests on the title as promised? (3) What action does the minister intend to take against the directors of Park View Estate (WA) Ltd, Gerry Hagen, William Searle and Anthony Van Den Dries, and company managers PricewaterhouseCoopers who projected a profit on the project of 44 per cent, whereas the holders of the $2.8m promissory notes will lose 100 per cent of their investment capital? Mr SHAVE

AnswerView source ↗

(1)-(3) It is interesting that the member for Fremantle can come in here and ask this question without giving me any notice of it. Is he not an interesting character? Probably 5 000 or 10 000 of these investment deals are going on. He walks into this place and starts reciting one a day and expects me to have a personal knowledge of each of those investment deals. Several members interjected. The SPEAKER: Order! Mr SHAVE: His story of the day yesterday involved Mr Morris. Mr McGinty: It was Monday. Mr SHAVE: Monday, I am sorry. Mr McGinty: You do not know what day of the week it is. Mr SHAVE: It was Monday. Let us say that he had a bit of a breather. Following his revelation in Monday’s newspaper, I looked into the issue of Mr Morris. I assume that Mr Morris was misquoted in the paper when he was reported as saying that the Ministry of Fair Trading had not been addressing his issue. I know that you are very interested in this, Mr Speaker, so I shall give you a chronology of events that happened with Mr Morris. On 21 September, Mr Morris sent a letter of complaint to the ministry. On 27 September, a letter of acknowledgment was sent to Mr Morris from the principal compliance officer advising of the correspondence number. On 10 October a compliance officer contacted Mr Morris by phone and an appointment was made for Mr Morris to attend the ministry on 11 October. On 11 October Mr Morris attended the ministry, produced documents and completed a written statement. His complaint is being progressed and the department is working in close liaison with the Police Service on various complaints made by Mr Morris. I hope that clarifies what was obviously an assertion in the media of a misunderstanding of the relationship of the Ministry of Fair Trading with Mr Morris’ issue. Now that the member for Fremantle has made this other startling allegation without advising me of the detail, I am more than happy to refer it to the ministry, and by tomorrow I shall find out for the member the detail of any complaint that has been made.
(2) In particular, what action does the minister intend to take against Clifton Partners Finance, now known as Knightsbridge Finance Ltd, which failed to secure the investments of mortgagees by not registering their interests on the title as promised? (3) What action does the minister intend to take against the directors of Park View Estate (WA) Ltd, Gerry Hagen, William Searle and Anthony Van Den Dries, and company managers PricewaterhouseCoopers who projected a profit on the project of 44 per cent, whereas the holders of the $2.8m promissory notes will lose 100 per cent of their investment capital? Mr SHAVE replied: (1)-(3) It is interesting that the member for Fremantle can come in here and ask this question without giving me any notice of it. Is he not an interesting character? Probably 5 000 or 10 000 of these investment deals are going on. He walks into this place and starts reciting one a day and expects me to have a personal knowledge of each of those investment deals. Several members interjected. The SPEAKER: Order! Mr SHAVE: His story of the day yesterday involved Mr Morris. Mr McGinty: It was Monday. Mr SHAVE: Monday, I am sorry. Mr McGinty: You do not know what day of the week it is. Mr SHAVE: It was Monday. Let us say that he had a bit of a breather. Following his revelation in Monday’s newspaper, I looked into the issue of Mr Morris. I assume that Mr Morris was misquoted in the paper when he was reported as saying that the Ministry of Fair Trading had not been addressing his issue. I know that you are very interested in this, Mr Speaker, so I shall give you a chronology of events that happened with Mr Morris. On 21 September, Mr Morris sent a letter of complaint to the ministry. On 27 September, a letter of acknowledgment was sent to Mr Morris from the principal compliance officer advising of the correspondence number. On 10 October a compliance officer contacted Mr Morris by phone and an appointment was made for Mr Morris to attend the ministry on 11 October. On 11 October Mr Morris attended the ministry, produced documents and completed a written statement. His complaint is being progressed and the department is working in close liaison with the Police Service on various complaints made by Mr Morris. I hope that clarifies what was obviously an assertion in the media of a misunderstanding of the relationship of the Ministry of Fair Trading with Mr Morris’ issue. Now that the member for Fremantle has made this other startling allegation without advising me of the detail, I am more than happy to refer it to the ministry, and by tomorrow I shall find out for the member the detail of any complaint that has been made.
(3) What action does the minister intend to take against the directors of Park View Estate (WA) Ltd, Gerry Hagen, William Searle and Anthony Van Den Dries, and company managers PricewaterhouseCoopers who projected a profit on the project of 44 per cent, whereas the holders of the $2.8m promissory notes will lose 100 per cent of their investment capital? Mr SHAVE replied: (1)-(3) It is interesting that the member for Fremantle can come in here and ask this question without giving me any notice of it. Is he not an interesting character? Probably 5 000 or 10 000 of these investment deals are going on. He walks into this place and starts reciting one a day and expects me to have a personal knowledge of each of those investment deals. Several members interjected. The SPEAKER: Order! Mr SHAVE: His story of the day yesterday involved Mr Morris. Mr McGinty: It was Monday. Mr SHAVE: Monday, I am sorry. Mr McGinty: You do not know what day of the week it is. Mr SHAVE: It was Monday. Let us say that he had a bit of a breather. Following his revelation in Monday’s newspaper, I looked into the issue of Mr Morris. I assume that Mr Morris was misquoted in the paper when he was reported as saying that the Ministry of Fair Trading had not been addressing his issue. I know that you are very interested in this, Mr Speaker, so I shall give you a chronology of events that happened with Mr Morris. On 21 September, Mr Morris sent a letter of complaint to the ministry. On 27 September, a letter of acknowledgment was sent to Mr Morris from the principal compliance officer advising of the correspondence number. On 10 October a compliance officer contacted Mr Morris by phone and an appointment was made for Mr Morris to attend the ministry on 11 October. On 11 October Mr Morris attended the ministry, produced documents and completed a written statement. His complaint is being progressed and the department is working in close liaison with the Police Service on various complaints made by Mr Morris. I hope that clarifies what was obviously an assertion in the media of a misunderstanding of the relationship of the Ministry of Fair Trading with Mr Morris’ issue. Now that the member for Fremantle has made this other startling allegation without advising me of the detail, I am more than happy to refer it to the ministry, and by tomorrow I shall find out for the member the detail of any complaint that has been made.
Mr SHAVE replied: (1)-(3) It is interesting that the member for Fremantle can come in here and ask this question without giving me any notice of it. Is he not an interesting character? Probably 5 000 or 10 000 of these investment deals are going on. He walks into this place and starts reciting one a day and expects me to have a personal knowledge of each of those investment deals. Several members interjected. The SPEAKER: Order! Mr SHAVE: His story of the day yesterday involved Mr Morris. Mr McGinty: It was Monday. Mr SHAVE: Monday, I am sorry. Mr McGinty: You do not know what day of the week it is. Mr SHAVE: It was Monday. Let us say that he had a bit of a breather. Following his revelation in Monday’s newspaper, I looked into the issue of Mr Morris. I assume that Mr Morris was misquoted in the paper when he was reported as saying that the Ministry of Fair Trading had not been addressing his issue. I know that you are very interested in this, Mr Speaker, so I shall give you a chronology of events that happened with Mr Morris. On 21 September, Mr Morris sent a letter of complaint to the ministry. On 27 September, a letter of acknowledgment was sent to Mr Morris from the principal compliance officer advising of the correspondence number. On 10 October a compliance officer contacted Mr Morris by phone and an appointment was made for Mr Morris to attend the ministry on 11 October. On 11 October Mr Morris attended the ministry, produced documents and completed a written statement. His complaint is being progressed and the department is working in close liaison with the Police Service on various complaints made by Mr Morris. I hope that clarifies what was obviously an assertion in the media of a misunderstanding of the relationship of the Ministry of Fair Trading with Mr Morris’ issue. Now that the member for Fremantle has made this other startling allegation without advising me of the detail, I am more than happy to refer it to the ministry, and by tomorrow I shall find out for the member the detail of any complaint that has been made.
(1)-(3) It is interesting that the member for Fremantle can come in here and ask this question without giving me any notice of it. Is he not an interesting character? Probably 5 000 or 10 000 of these investment deals are going on. He walks into this place and starts reciting one a day and expects me to have a personal knowledge of each of those investment deals. Several members interjected. The SPEAKER: Order! Mr SHAVE: His story of the day yesterday involved Mr Morris. Mr McGinty: It was Monday. Mr SHAVE: Monday, I am sorry. Mr McGinty: You do not know what day of the week it is. Mr SHAVE: It was Monday. Let us say that he had a bit of a breather. Following his revelation in Monday’s newspaper, I looked into the issue of Mr Morris. I assume that Mr Morris was misquoted in the paper when he was reported as saying that the Ministry of Fair Trading had not been addressing his issue. I know that you are very interested in this, Mr Speaker, so I shall give you a chronology of events that happened with Mr Morris. On 21 September, Mr Morris sent a letter of complaint to the ministry. On 27 September, a letter of acknowledgment was sent to Mr Morris from the principal compliance officer advising of the correspondence number. On 10 October a compliance officer contacted Mr Morris by phone and an appointment was made for Mr Morris to attend the ministry on 11 October. On 11 October Mr Morris attended the ministry, produced documents and completed a written statement. His complaint is being progressed and the department is working in close liaison with the Police Service on various complaints made by Mr Morris. I hope that clarifies what was obviously an assertion in the media of a misunderstanding of the relationship of the Ministry of Fair Trading with Mr Morris’ issue. Now that the member for Fremantle has made this other startling allegation without advising me of the detail, I am more than happy to refer it to the ministry, and by tomorrow I shall find out for the member the detail of any complaint that has been made.
Several members interjected. The SPEAKER: Order! Mr SHAVE: His story of the day yesterday involved Mr Morris. Mr McGinty: It was Monday. Mr SHAVE: Monday, I am sorry. Mr McGinty: You do not know what day of the week it is. Mr SHAVE: It was Monday. Let us say that he had a bit of a breather. Following his revelation in Monday’s newspaper, I looked into the issue of Mr Morris. I assume that Mr Morris was misquoted in the paper when he was reported as saying that the Ministry of Fair Trading had not been addressing his issue. I know that you are very interested in this, Mr Speaker, so I shall give you a chronology of events that happened with Mr Morris. On 21 September, Mr Morris sent a letter of complaint to the ministry. On 27 September, a letter of acknowledgment was sent to Mr Morris from the principal compliance officer advising of the correspondence number. On 10 October a compliance officer contacted Mr Morris by phone and an appointment was made for Mr Morris to attend the ministry on 11 October. On 11 October Mr Morris attended the ministry, produced documents and completed a written statement. His complaint is being progressed and the department is working in close liaison with the Police Service on various complaints made by Mr Morris. I hope that clarifies what was obviously an assertion in the media of a misunderstanding of the relationship of the Ministry of Fair Trading with Mr Morris’ issue. Now that the member for Fremantle has made this other startling allegation without advising me of the detail, I am more than happy to refer it to the ministry, and by tomorrow I shall find out for the member the detail of any complaint that has been made.
The SPEAKER: Order! Mr SHAVE: His story of the day yesterday involved Mr Morris. Mr McGinty: It was Monday. Mr SHAVE: Monday, I am sorry. Mr McGinty: You do not know what day of the week it is. Mr SHAVE: It was Monday. Let us say that he had a bit of a breather. Following his revelation in Monday’s newspaper, I looked into the issue of Mr Morris. I assume that Mr Morris was misquoted in the paper when he was reported as saying that the Ministry of Fair Trading had not been addressing his issue. I know that you are very interested in this, Mr Speaker, so I shall give you a chronology of events that happened with Mr Morris. On 21 September, Mr Morris sent a letter of complaint to the ministry. On 27 September, a letter of acknowledgment was sent to Mr Morris from the principal compliance officer advising of the correspondence number. On 10 October a compliance officer contacted Mr Morris by phone and an appointment was made for Mr Morris to attend the ministry on 11 October. On 11 October Mr Morris attended the ministry, produced documents and completed a written statement. His complaint is being progressed and the department is working in close liaison with the Police Service on various complaints made by Mr Morris. I hope that clarifies what was obviously an assertion in the media of a misunderstanding of the relationship of the Ministry of Fair Trading with Mr Morris’ issue. Now that the member for Fremantle has made this other startling allegation without advising me of the detail, I am more than happy to refer it to the ministry, and by tomorrow I shall find out for the member the detail of any complaint that has been made.
Mr SHAVE: His story of the day yesterday involved Mr Morris. Mr McGinty: It was Monday. Mr SHAVE: Monday, I am sorry. Mr McGinty: You do not know what day of the week it is. Mr SHAVE: It was Monday. Let us say that he had a bit of a breather. Following his revelation in Monday’s newspaper, I looked into the issue of Mr Morris. I assume that Mr Morris was misquoted in the paper when he was reported as saying that the Ministry of Fair Trading had not been addressing his issue. I know that you are very interested in this, Mr Speaker, so I shall give you a chronology of events that happened with Mr Morris. On 21 September, Mr Morris sent a letter of complaint to the ministry. On 27 September, a letter of acknowledgment was sent to Mr Morris from the principal compliance officer advising of the correspondence number. On 10 October a compliance officer contacted Mr Morris by phone and an appointment was made for Mr Morris to attend the ministry on 11 October. On 11 October Mr Morris attended the ministry, produced documents and completed a written statement. His complaint is being progressed and the department is working in close liaison with the Police Service on various complaints made by Mr Morris. I hope that clarifies what was obviously an assertion in the media of a misunderstanding of the relationship of the Ministry of Fair Trading with Mr Morris’ issue. Now that the member for Fremantle has made this other startling allegation without advising me of the detail, I am more than happy to refer it to the ministry, and by tomorrow I shall find out for the member the detail of any complaint that has been made.
Mr McGinty: It was Monday. Mr SHAVE: Monday, I am sorry. Mr McGinty: You do not know what day of the week it is. Mr SHAVE: It was Monday. Let us say that he had a bit of a breather. Following his revelation in Monday’s newspaper, I looked into the issue of Mr Morris. I assume that Mr Morris was misquoted in the paper when he was reported as saying that the Ministry of Fair Trading had not been addressing his issue. I know that you are very interested in this, Mr Speaker, so I shall give you a chronology of events that happened with Mr Morris. On 21 September, Mr Morris sent a letter of complaint to the ministry. On 27 September, a letter of acknowledgment was sent to Mr Morris from the principal compliance officer advising of the correspondence number. On 10 October a compliance officer contacted Mr Morris by phone and an appointment was made for Mr Morris to attend the ministry on 11 October. On 11 October Mr Morris attended the ministry, produced documents and completed a written statement. His complaint is being progressed and the department is working in close liaison with the Police Service on various complaints made by Mr Morris. I hope that clarifies what was obviously an assertion in the media of a misunderstanding of the relationship of the Ministry of Fair Trading with Mr Morris’ issue. Now that the member for Fremantle has made this other startling allegation without advising me of the detail, I am more than happy to refer it to the ministry, and by tomorrow I shall find out for the member the detail of any complaint that has been made.
Mr SHAVE: Monday, I am sorry. Mr McGinty: You do not know what day of the week it is. Mr SHAVE: It was Monday. Let us say that he had a bit of a breather. Following his revelation in Monday’s newspaper, I looked into the issue of Mr Morris. I assume that Mr Morris was misquoted in the paper when he was reported as saying that the Ministry of Fair Trading had not been addressing his issue. I know that you are very interested in this, Mr Speaker, so I shall give you a chronology of events that happened with Mr Morris. On 21 September, Mr Morris sent a letter of complaint to the ministry. On 27 September, a letter of acknowledgment was sent to Mr Morris from the principal compliance officer advising of the correspondence number. On 10 October a compliance officer contacted Mr Morris by phone and an appointment was made for Mr Morris to attend the ministry on 11 October. On 11 October Mr Morris attended the ministry, produced documents and completed a written statement. His complaint is being progressed and the department is working in close liaison with the Police Service on various complaints made by Mr Morris. I hope that clarifies what was obviously an assertion in the media of a misunderstanding of the relationship of the Ministry of Fair Trading with Mr Morris’ issue. Now that the member for Fremantle has made this other startling allegation without advising me of the detail, I am more than happy to refer it to the ministry, and by tomorrow I shall find out for the member the detail of any complaint that has been made.
Mr McGinty: You do not know what day of the week it is. Mr SHAVE: It was Monday. Let us say that he had a bit of a breather. Following his revelation in Monday’s newspaper, I looked into the issue of Mr Morris. I assume that Mr Morris was misquoted in the paper when he was reported as saying that the Ministry of Fair Trading had not been addressing his issue. I know that you are very interested in this, Mr Speaker, so I shall give you a chronology of events that happened with Mr Morris. On 21 September, Mr Morris sent a letter of complaint to the ministry. On 27 September, a letter of acknowledgment was sent to Mr Morris from the principal compliance officer advising of the correspondence number. On 10 October a compliance officer contacted Mr Morris by phone and an appointment was made for Mr Morris to attend the ministry on 11 October. On 11 October Mr Morris attended the ministry, produced documents and completed a written statement. His complaint is being progressed and the department is working in close liaison with the Police Service on various complaints made by Mr Morris. I hope that clarifies what was obviously an assertion in the media of a misunderstanding of the relationship of the Ministry of Fair Trading with Mr Morris’ issue. Now that the member for Fremantle has made this other startling allegation without advising me of the detail, I am more than happy to refer it to the ministry, and by tomorrow I shall find out for the member the detail of any complaint that has been made.
Mr SHAVE: It was Monday. Let us say that he had a bit of a breather. Following his revelation in Monday’s newspaper, I looked into the issue of Mr Morris. I assume that Mr Morris was misquoted in the paper when he was reported as saying that the Ministry of Fair Trading had not been addressing his issue. I know that you are very interested in this, Mr Speaker, so I shall give you a chronology of events that happened with Mr Morris. On 21 September, Mr Morris sent a letter of complaint to the ministry. On 27 September, a letter of acknowledgment was sent to Mr Morris from the principal compliance officer advising of the correspondence number. On 10 October a compliance officer contacted Mr Morris by phone and an appointment was made for Mr Morris to attend the ministry on 11 October. On 11 October Mr Morris attended the ministry, produced documents and completed a written statement. His complaint is being progressed and the department is working in close liaison with the Police Service on various complaints made by Mr Morris. I hope that clarifies what was obviously an assertion in the media of a misunderstanding of the relationship of the Ministry of Fair Trading with Mr Morris’ issue. Now that the member for Fremantle has made this other startling allegation without advising me of the detail, I am more than happy to refer it to the ministry, and by tomorrow I shall find out for the member the detail of any complaint that has been made.

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