Hon. Anthony Fels questions the Attorney General regarding the government's deal with Insolvency Management Fund Ltd (IMF) concerning finance broking victims, specifically about disbursement costs and a list of beneficiaries. The Attorney General deflects, stating the matter falls under the purview of the Minister for Consumer Protection.

AnsweredQoN 99Legislative Council
Asked
28 March 2007
Portfolio
Attorney General

QuestionView source ↗

FINANCE BROKING - INSOLVENCY MANAGEMENT FUND
I refer to the government’s deal with litigation funder Insolvency Management Fund Ltd concerning finance broking victims. (1) Has the government assessed the validity of IMF’s claimed disbursement costs of $1.4 million thus far; and, if not, why not? (2) Will the Attorney General table the disbursement cost estimates; and, if not, why not? (3) Will the Attorney General table the list of the 2 100 finance broking victims known to the government who will benefit from the $30 million IMF damages claim; and, if not, why not? Hon SUE ELLERY

AnswerView source ↗

I thank the honourable member for some notice of the question. The Attorney General’s answer is as follows - I appreciate the interest the member has shown in this matter, particularly the interest revealed by the Corruption and Crime Commission at its hearings. However, this matter should be addressed to the appropriate minister, the Minister for Consumer Protection.
(1) Has the government assessed the validity of IMF’s claimed disbursement costs of $1.4 million thus far; and, if not, why not? (2) Will the Attorney General table the disbursement cost estimates; and, if not, why not? (3) Will the Attorney General table the list of the 2 100 finance broking victims known to the government who will benefit from the $30 million IMF damages claim; and, if not, why not? Hon SUE ELLERY replied: I thank the honourable member for some notice of the question. The Attorney General’s answer is as follows - I appreciate the interest the member has shown in this matter, particularly the interest revealed by the Corruption and Crime Commission at its hearings. However, this matter should be addressed to the appropriate minister, the Minister for Consumer Protection.
(2) Will the Attorney General table the disbursement cost estimates; and, if not, why not? (3) Will the Attorney General table the list of the 2 100 finance broking victims known to the government who will benefit from the $30 million IMF damages claim; and, if not, why not? Hon SUE ELLERY replied: I thank the honourable member for some notice of the question. The Attorney General’s answer is as follows - I appreciate the interest the member has shown in this matter, particularly the interest revealed by the Corruption and Crime Commission at its hearings. However, this matter should be addressed to the appropriate minister, the Minister for Consumer Protection.
(3) Will the Attorney General table the list of the 2 100 finance broking victims known to the government who will benefit from the $30 million IMF damages claim; and, if not, why not? Hon SUE ELLERY replied: I thank the honourable member for some notice of the question. The Attorney General’s answer is as follows - I appreciate the interest the member has shown in this matter, particularly the interest revealed by the Corruption and Crime Commission at its hearings. However, this matter should be addressed to the appropriate minister, the Minister for Consumer Protection.
Hon SUE ELLERY replied: I thank the honourable member for some notice of the question. The Attorney General’s answer is as follows - I appreciate the interest the member has shown in this matter, particularly the interest revealed by the Corruption and Crime Commission at its hearings. However, this matter should be addressed to the appropriate minister, the Minister for Consumer Protection.
I thank the honourable member for some notice of the question. The Attorney General’s answer is as follows - I appreciate the interest the member has shown in this matter, particularly the interest revealed by the Corruption and Crime Commission at its hearings. However, this matter should be addressed to the appropriate minister, the Minister for Consumer Protection.
I appreciate the interest the member has shown in this matter, particularly the interest revealed by the Corruption and Crime Commission at its hearings. However, this matter should be addressed to the appropriate minister, the Minister for Consumer Protection.

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