|(1)||A select committee of 3 members, any 2 of whom constitute a quorum, shall be appointed. (1) |
|(2)||The committee be appointed to inquire into and report on reasons for losses associated with the finance broking industry in Western Australia, including but not limited to: |
|(a)|| the statutory responsibilities relating to the finance broking industry;|
|(b)|| avenues for legal redress for investors;|
|(c)|| consideration of the adequacy of existing legislation to prevent a recurrence of the events|
which led to the loss by investors who relied on finance brokers.
|(3)||The committee in its proceedings avoid interfering with or obstructing any enquiry being|
conducted into related matters and in particular inquiries by —
|(a)|| the police;|
|(b)|| any liquidator or supervisor of any company;|
|(c)|| the Gunning Enquiry;|
|(d)|| ASIC; or|
|(e)|| any prosecution.|
|(4)||Proceedings of the Committee during the hearing of evidence are subject to SO’s 322, 323, 324,|
330 and 331 but subject always to the right of any member of the Committee to exclude strangers
under SO 358.
|(5)||The Committee have power to send for persons, papers and records and to move from place to|
|(6)||The committee report to the House not later than 30 November 2000 (2), and if the House do then|
stand adjourned the committee do deliver its report to the President who shall cause the same to
be printed by authority of this order.
(1) Changed to 5 members when the new Committee was established on August 17 2000.
(2) The House granted the Committee an extension of time to report to December 7 2000.