Paul Fletcher (Bradfield, Liberal Party) Share this | Hansard source

asked the Assistant Treasurer, in writing, on 10 May 2011:

In respect of investigations by the Australian Securities Investments Commission (ASIC) into (a) Trio Capital Ltd and its associated managed investment schemes, (b) Storm Financial Ltd, and (c) the Westpoint Group of companies, (i) approximately what total sum of money was lost by investors in each fund/scheme, (ii) what series of actions were taken by ASIC against parties, including third parties, for loss recovery purposes, including compensating investors, (iii) what criteria were used by ASIC in taking such actions, particularly in determining whether the public interest was served, (iv) how were the facts of each case assessed against the criteria, (v) what weight was given to situations where investors had been placed into very risky investments, versus those where money was lost through fraud, and (vi) what was the outcome of the series of actions taken by ASIC.

See this speech in context