George Christensen (Dawson, National Party) Share this | Hansard source

asked the Assistant Treasurer, in writing, on 23 May 2011:

(1) What is the status of the investigation by the Australian Securities and Investments Commission (ASIC) into allegations of impropriety surrounding Australian Property Custodian Holding Limited (APCH) and its management of the Prime Retirement and Aged Care Property Trust (PRACPT).

(2) Can he provide the findings (to date) of the investigation.

(3) By when will the investigation conclude, and the outcome be made public.

(4) What assurance can he provide that (a) this matter will be treated seriously and investigated thoroughly by ASIC, irrespective of whether or not PRACPT is still a solvent entity, (b) individuals associated with APCH will be penalised and/or prosecuted to the full extent of the law if ASIC determines its actions in managing PRACPT were criminal and/or negligent, and (c) funds will be tracked down and seized to repay PRACPT if it is determined by ASIC that illegal transactions were made on its behalf by APCH.

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