Page 157 - Week 01 - Tuesday, 12 February 1991

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CHIEF MINISTER FOR THE AUSTRALIAN CAPITAL TERRITORY

LEGISLATIVE ASSEMBLY QUESTION

Question No 315

Building Societies - Capital Adequacy

MS FOLLETT - Asked the Treasurer upon notice on 13 December 1990:

(1) Has any building society ever notified the Registrar of Co-operative Societies of a failure to maintain capital adequacy, pursuant to section 14 CJ of the Co-operative Societies Act 1939.

(2) If the answer to (1) above is yes, what was the name of the Society, details and circumstances of the notification, and action taken by the Registrar in each case.

MR KAINE - The answer to the members question is as follows:

(1) No.

(2) Not applicable - see (1) above.

157

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