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Select Committee into the Finance Broking Industry in Western Australia


Inquiry status:Past
Date commenced:21 Jun 2000
Tabling date:07 Dec 2000
Date Ended:07 Dec 2000
Committee:Select Committee into the Finance Broking Industry in Western Australia
House:Legislative Council
Important Information:
Terms of Reference:
(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
place.

(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.

Submission Number Submitting person/organisation
No submissions
Related Documents/Response to Questions on Notice:
DateTimeVenueOrganisationWitnessBroadcastTranscript
Videos:
Tabling Comments:List of witnesses is attached as Appendix 1 to the Report.
Related Transcripts of Evidence:
Evidence by.. Mr Patrick Walker (Chief Executive and Commissioner for Fair Trading, Ministry of Fair Trading)), Mr Gary Newcombe (Director of Projects, Ministry of Fair Trading) on 3 Jul 2000
Evidence by.. Mr John Chaney (Counsel Assisting the Gunning Inquiry) on 3 Jul 2000
Evidence by.. Mr Robert Cock (Director of Public Prosecutions for Western Australia) on 3 Jul 2000
Evidence by.. Mr Jamie Ogilvie (Regional Commissioner, Australian Securities and Investments Commission), Mr Andrew Taylor (Senior Lawyer, Australian Securities and Investments Commission) on 3 Jul 2000
Evidence by.. Mr Barry Matthews (Commissioner of Police, Western Australian Police Service), Mr Peter Lavender (Acting Detective Superintendent, Commercial Crime Division, Western Australian Police Service) on 3 Jul 2000
Evidence by.. Mr Mark Anthony Conlan (Supervisor/Official Liquidator of Rowena Nominees Pty Ltd previously trading as Graeme Grubb Finance Broker, RSM Bird Cameron) on 4 Jul 2000
Evidence by.. Mr Simon Andrew Read (Liquidator, Gobal Finance Group Pty Ltd (in liquidation), PPB Ashton Read), Mr Jeffery Lawrence Herbert (Supervisor and Joint and Several Liquidator, Global Finance Group Pty Ltd, PPB Ashton Read) on 7 Jul 2000
Evidence by.. Mr Gerald Milford (Registrar, Finance Brokers Supervisory Board, and Manager, Finance Industry Branch, Ministry of Fair Trading), Mr John Urquhart (Chairman, Finance Brokers Supervisory Board, Law Society) on 7 Jul 2000
Evidence by.. Mr Patrick Walker (Commissioner of Fair Trading, and Chief Executive, Ministry of Fair Trading), Mr Gary Newcombe (Director of Projects, Ministry of Fair Trading) on 17 Jul 2000
Evidence by.. Mrs Vickie Scarff (Chairman, Land Valuers Registration Board), Mr Michael Johnson (Registrar, Land Valuers Registration Board) on 17 Jul 2000
Evidence by.. Mr John Urquhart (Chairman, Finance Brokers Supervisory Board, Law Society), Mr Gerald Milford (Registrar, Finance Brokers Supervisory Board and Manager, Finance Industry Branch of Ministry of Fair Trading) on 17 Jul 2000
Evidence by.. Patrick Walker (Commissioner for Fair Trading), Gary Newcombe (Director, Projects, Ministry of Justice) on 24 Jul 2000
Evidence by.. Mr Heinz Reichhold on 28 Jul 2000
Evidence by.. Ms Lynda Searle (Company Director, Penlas Pty Ltd) on 28 Jul 2000
Evidence by.. Ms Kerry Lynne Webb (Investor) on 28 Jul 2000
Evidence by.. Ms Linda Key (University Counsel, University of Western Australia) on 28 Jul 2000
Evidence by.. Mr John Moulsdale on 1 Aug 2000
Evidence by.. Mr Carl Eric Lens on 1 Aug 2000
Evidence by.. Mr Peter McEvoy (Retiree), Mr Michael Lennon (Power of Attorney for Mortgagee), Mr Ben Van Stokkum (Mortgagee Committee Member), Mr Peter Cooksey (Mortgagee) on 6 Sep 2000
Evidence by.. Mr Dennis Keith Jarvis on 8 Sep 2000
Evidence by.. Mr Kenneth Dickson on 15 Sep 2000
Evidence by.. Mrs Julie Nyatsambo on 22 Sep 2000
Evidence by.. Ms Denise Brailey, President, Real Estate Consumers Association on 26 Sep 2000
Evidence by.. Mr Gary Newcombe (Director Projects, Ministry of Fair Trading), Mr Patrick Walker (Commissioner of Fair Trading and Chief Executive Officer, Ministry of Fair Trading), Mr Greg Harvey (Deputy Registrar, Finance Brokers Supervisory Board, Ministry of Fair Trading) on 27 Sep 2000
Evidence by.. Mr Mark Conlan (Partner, RSM Bird Cameron) on 27 Sep 2000
Evidence by.. Mr Gary Wallace (Senior Compliance Office, Ministry of Fair Trading) on 27 Sep 2000
Evidence by.. Mr Jeffrey Herbert (Partner, PPB Ashton Read), Mr Simon Read (Liquidator, Global Finance Group Pty Ltd, PPB Ashton Read) on 28 Sep 2000
Evidence by.. Mr John Urquhart (Chairman, Finance Brokers Supervisory Board, Law Society of WA) on 28 Sep 2000
Evidence by.. Mr Raymond Weir (Member, Finance Brokers Supervisory Board) on 29 Sep 2000
Evidence by.. Mr Edward Brunton (retired Member, Finance Brokers Supervisory Board) on 29 Sep 2000
Evidence by.. Mr Barry Barr (President, Mortgage Industry Association of Western Australia) on 3 Oct 2000
Evidence by.. Mr Douglas Howard Solomon (Barrister and Solicitor, Solomon Brothers) on 5 Oct 2000
Evidence by.. Mr Charles Mitchell (Policy Adviser to Minister for Fair Trading) on 6 Oct 2000
Evidence by.. Mr George Rudolph (Consultant to the Supervisor, Global Finance, PPB Ashton Read) on 6 Oct 2000
Evidence by.. Mr Gerald Milford (Registrar, Finance Brokers Supervisory Board, Ministry of Fair Trading), Mr Patrick Walker (Chief Executive Officer and Commissioner of Fair Trading), Mr Greg Harvey (Project Officer, Ministry of Fair Trading) on 6 Oct 2000
Evidence by.. Mrs Enid Russell (Electorate Officer for Hon Doug Shave MLA) on 9 Oct 2000
Evidence by.. Mr Serge Desveaux (Chartered Accountant) on 9 Oct 2000
Evidence by.. Mr Kenneth Francis O'Brien on 9 Oct 2000
Evidence by.. Mr William Walter Goddard (Member, Real Estate Supervisory Board) on 16 Oct 2000
Evidence by.. Dominic Casella (Property Developer) on 18 Oct 2000
Evidence by.. Mr Patrick Walker (Chief Executive Officer and Commissioner of Fair Trading), Mr Gerald Milford (Manager, Finance Industry Branch, Ministry of Fair Trading), Mr Greg Harvey (Deputy Registrar, Finance Brokers Supervisory Board, Ministry of Fair Trading), Mr Gary Newcombe (Director, Projects, Ministry of Fair Trading) on 23 Oct 2000
Evidence by.. Ms Susan Nulsen (Registrar, Finance Brokers Supervisory Board, on 2 Nov 2000;Evidence by.. Ministry of Fair Trading), Mr Greg Harvey (Deputy Registrar, Finance Brokers Supervisory Board, Ministry of Fair Trading), Mr Gary Newcombe (Director, Projects, Ministry of Fair Trading) on 2 Nov 2000
Evidence by.. Mr Ian Hyde (Registrar of Titles, Dept of Land Administration), Mr John Gladstone (Commissioner of Titles, Dept of Land Administration) on 3 Oct 2007
Evidence by.. John Durbin on 2 Aug 2008