❓ Dr. Pettitt requests the Premier appoint an officer to investigate the Sterling Group collapse and create a report. The Premier acknowledges the issue, highlights Commonwealth jurisdiction and ASIC investigation, and mentions advocating for compensation.
AnsweredQoN 12Legislative Council
QuestionView source ↗
Will the Premier agree to the request by the tenants of Sterling Group (Sterling Life) to appoint and authorise a suitably qualified officer to work with them to arrive at a balanced, fair and equitable report into the housing scheme, explaining what happened and ensuring it is never repeated?
AnswerView source ↗
Answered
20 May 2025
Responded by
Leader of the House representing the Premier
Response time
6 days
The WA Government is very sympathetic to those who have been affected by the collapse of the Sterling Group and recognise that many of them have lost their life savings. The WA Government, including representatives from the Premier’s office, have met with the group.
It’s important to note that this was an investment scheme which falls under the jurisdiction of the Commonwealth Government. As such, ASIC has investigated the scheme, and three individuals connected to Sterling First have now been charged for their role.
The WA Government has advocated to the Commonwealth Government, on behalf of the Sterling Group victims, to request they be protected in any compensation scheme.
It’s important to note that this was an investment scheme which falls under the jurisdiction of the Commonwealth Government. As such, ASIC has investigated the scheme, and three individuals connected to Sterling First have now been charged for their role.
The WA Government has advocated to the Commonwealth Government, on behalf of the Sterling Group victims, to request they be protected in any compensation scheme.
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