Page 4710 - Week 15 - Wednesday, 7 December 1994
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PAPERS
MR BERRY (Manager of Government Business): For the information of members, I present the following papers:
Audit Act - National Exhibition Centre Trust - Report, freedom of information and financial statements, including the Auditor-General's report, for 1993-94.
Discrimination Act - ACT Human Rights Office - Report for 1993-1994.
National Crime Authority - Report, freedom of information and financial statements, including the Commonwealth Auditor-General's Report for 1993-94 together with letters to the Secretary to the Ministerial Council on the Administration of Justice from the Minister for Emergency Services, South Australia and the Minister for Police and Minister for Corrective Services, Queensland, dated 13 and 14 October 1994 respectively, and a tabling statement.
BANKING INDUSTRY
Discussion of Matter of Public Importance
MADAM SPEAKER: I have received a letter from Mr Stevenson proposing that a matter of public importance be submitted to the Assembly for discussion, namely:
The increasing concern by Canberrans about improper financial activities within the banking sector and particularly the Commonwealth Bank.
MR STEVENSON (4.00): I share with members an Australian success story that went wrong because of harsh economic conditions and fraudulent actions by the Commonwealth Bank. To this day, the Commonwealth Bank refuses to put these matters right, although admitting responsibility for what they call a mistake. This "mistake" appeared to contribute greatly to the collapse of a successful building company that had begun operating in a booming building market in Asia. This matter will concern many people throughout Australia. More particularly, it will concern those people in Canberra and the States who bank with the Commonwealth Bank of Australia or are bank shareholders. A number of the bank's decisions in this case were made by the Commonwealth Bank's regional headquarters in Canberra.
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