Senate debates

Tuesday, 22 November 2011

Questions without Notice

Australian Securities and Investments Commission

2:31 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

I might finish the last paragraph of the quote I was reading out:

On the basis that Mr Medcraft was the most qualified person for the position, Treasury advised the government, in accordance with the relevant guidelines, against advertising the position.

In relation to the question that I have just been asked, that also has been provided by Treasury publicly. Treasury has said:

Mr Medcraft also disclosed to Treasury the existence of civil proceedings from 2004 in the United States brought against Societe Generale and several other respondents. Treasury advised Mr Medcraft that, given the proceedings had been withdrawn in full, it was not necessary to disclose the matter to the government.

I think that was provided in public in response to some public questions by the press on 12 November 2011.

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