A parliamentary question accuses the government of conflicting with its promise to assist victims of a finance broking scandal due to financial constraints and questions the decision to proceed with the IMF (Australia) Ltd case. The Premier defends the government's actions, highlighting past efforts and criticising the previous Liberal government's inaction.

AnsweredQoN 635Legislative Assembly
Asked
18 October 2005
Portfolio
Premier

QuestionView source ↗

Given that the current Attorney General is recorded in Hansard as referring to a company involved in the finance broking scandal as a group of gangsters, and that the then Ministry for Fair Trading was negligent in its handling of the finance brokers’ operations, I ask - (1) Does the government concede that it is in conflict with the promise it made while in opposition about assistance for those who lost money in the finance broking scandal, because the government now has to manage the state’s finances? (2) If so, is this why the government is spending public money to take the IMF (Australia) Ltd case, which represents hundreds of people caught up in the finance broking scandal, all the way to trial? (3) Does the government agree that in taking the case to trial, it has failed those people and has failed to deliver on its five-part 2001 election promise document entitled “Labor restoring consumer protection”? Dr G.I. GALLOP

AnswerView source ↗

(1)-(3) I thank the member for raising this issue because we on this side of the house remember how government was conducted under the Liberals. We remember how we came into this Parliament day after day and warned the then government that the finance broking industry was corrupt, and it did nothing about it. We came into government in 2001 and promised to have a royal commission. That promise was delivered. We came into government with certain promises to provide legal support. I am advised by my colleague the Minister for Consumer and Employment Protection that we have spent a total of $20 million on the royal commission and on giving support to people affected by these issues. We have fulfilled our obligations, as we said we would in 2001. However, we will never forget the complacency of members of the then government. We will never forget their refusal to take action when it could have mattered to elderly citizens in Western Australia. We will never forget, and those elderly citizens will never forget.
(1) Does the government concede that it is in conflict with the promise it made while in opposition about assistance for those who lost money in the finance broking scandal, because the government now has to manage the state’s finances? (2) If so, is this why the government is spending public money to take the IMF (Australia) Ltd case, which represents hundreds of people caught up in the finance broking scandal, all the way to trial? (3) Does the government agree that in taking the case to trial, it has failed those people and has failed to deliver on its five-part 2001 election promise document entitled “Labor restoring consumer protection”? Dr G.I. GALLOP replied: (1)-(3) I thank the member for raising this issue because we on this side of the house remember how government was conducted under the Liberals. We remember how we came into this Parliament day after day and warned the then government that the finance broking industry was corrupt, and it did nothing about it. We came into government in 2001 and promised to have a royal commission. That promise was delivered. We came into government with certain promises to provide legal support. I am advised by my colleague the Minister for Consumer and Employment Protection that we have spent a total of $20 million on the royal commission and on giving support to people affected by these issues. We have fulfilled our obligations, as we said we would in 2001. However, we will never forget the complacency of members of the then government. We will never forget their refusal to take action when it could have mattered to elderly citizens in Western Australia. We will never forget, and those elderly citizens will never forget.
(2) If so, is this why the government is spending public money to take the IMF (Australia) Ltd case, which represents hundreds of people caught up in the finance broking scandal, all the way to trial? (3) Does the government agree that in taking the case to trial, it has failed those people and has failed to deliver on its five-part 2001 election promise document entitled “Labor restoring consumer protection”? Dr G.I. GALLOP replied: (1)-(3) I thank the member for raising this issue because we on this side of the house remember how government was conducted under the Liberals. We remember how we came into this Parliament day after day and warned the then government that the finance broking industry was corrupt, and it did nothing about it. We came into government in 2001 and promised to have a royal commission. That promise was delivered. We came into government with certain promises to provide legal support. I am advised by my colleague the Minister for Consumer and Employment Protection that we have spent a total of $20 million on the royal commission and on giving support to people affected by these issues. We have fulfilled our obligations, as we said we would in 2001. However, we will never forget the complacency of members of the then government. We will never forget their refusal to take action when it could have mattered to elderly citizens in Western Australia. We will never forget, and those elderly citizens will never forget.
(3) Does the government agree that in taking the case to trial, it has failed those people and has failed to deliver on its five-part 2001 election promise document entitled “Labor restoring consumer protection”? Dr G.I. GALLOP replied: (1)-(3) I thank the member for raising this issue because we on this side of the house remember how government was conducted under the Liberals. We remember how we came into this Parliament day after day and warned the then government that the finance broking industry was corrupt, and it did nothing about it. We came into government in 2001 and promised to have a royal commission. That promise was delivered. We came into government with certain promises to provide legal support. I am advised by my colleague the Minister for Consumer and Employment Protection that we have spent a total of $20 million on the royal commission and on giving support to people affected by these issues. We have fulfilled our obligations, as we said we would in 2001. However, we will never forget the complacency of members of the then government. We will never forget their refusal to take action when it could have mattered to elderly citizens in Western Australia. We will never forget, and those elderly citizens will never forget.
Dr G.I. GALLOP replied: (1)-(3) I thank the member for raising this issue because we on this side of the house remember how government was conducted under the Liberals. We remember how we came into this Parliament day after day and warned the then government that the finance broking industry was corrupt, and it did nothing about it. We came into government in 2001 and promised to have a royal commission. That promise was delivered. We came into government with certain promises to provide legal support. I am advised by my colleague the Minister for Consumer and Employment Protection that we have spent a total of $20 million on the royal commission and on giving support to people affected by these issues. We have fulfilled our obligations, as we said we would in 2001. However, we will never forget the complacency of members of the then government. We will never forget their refusal to take action when it could have mattered to elderly citizens in Western Australia. We will never forget, and those elderly citizens will never forget.
(1)-(3) I thank the member for raising this issue because we on this side of the house remember how government was conducted under the Liberals. We remember how we came into this Parliament day after day and warned the then government that the finance broking industry was corrupt, and it did nothing about it. We came into government in 2001 and promised to have a royal commission. That promise was delivered. We came into government with certain promises to provide legal support. I am advised by my colleague the Minister for Consumer and Employment Protection that we have spent a total of $20 million on the royal commission and on giving support to people affected by these issues. We have fulfilled our obligations, as we said we would in 2001. However, we will never forget the complacency of members of the then government. We will never forget their refusal to take action when it could have mattered to elderly citizens in Western Australia. We will never forget, and those elderly citizens will never forget.

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