On 23 June 2011, the Parliamentary Joint Committee on Corporations and Financial Services initiated an inquiry into the following matter:

INQUIRY INTO THE COLLAPSE OF TRIO CAPITAL AND ANY OTHER RELATED MATTERS

The collapse of Trio Capital in December 2009 saw Australian investors lose more than $100 million. Many of those investors were retirees with large relative exposure to the fraudulent funds. Many who entered the funds did so following the advice of a relatively small group of financial planners.

Under the terms of the recently announced $55 million grant to victims of the Trio collapse, compensation will be limited to those investors who had invested in Trio Capital through an APRA regulated fund. The compensation arrangements do not extend to do-it-yourself investors.

Submissions should be received by 19 August 2011. The reporting date is 24 November 2011.

On 24 November the committee took the decision to present an interim report to parliament and to extend the reporting date to 9 May 2012. On 7 May 2012 the committee resolved that the report would   be tabled on 16 May 2012.

The Committee is seeking written submissions from interested individuals and organisations preferably in electronic form submitted  online or sent by email to  corporations.joint@aph.gov.au as an attached Adobe PDF or MS Word format document. The email must include full postal address and contact details.
Alternatively, written submissions may be sent to:

Committee Secretary
Parliamentary Joint Committee on Corporations and Financial Services
PO Box 6100
Parliament House
Canberra ACT 2600
Australia

Notes to help you prepare your submission are available from the website at http://www.aph.gov.au/senate/committee/wit_sub/index.htm. Alternatively, the Committee Secretariat will be able to help you with your inquiries and can be contacted on telephone +61 2 6277 3583 or facsimile +61 2 6277 5719 or by email to corporations.joint@aph.gov.au.

Inquiries from hearing and speech impaired people should be directed to Parliament House TTY number 02 6277 7799. Adobe also provides tools at  http://access.adobe.com/ for the blind and visually impaired to access PDF documents. If you require any special arrangements to enable you to participate in the Committee's inquiry, please contact the Committee Secretariat.

Once the Committee accepts your submission, it becomes a confidential Committee document and is protected by Parliamentary Privilege. You must not release your submission without the Committee's permission. If you do, it will not be protected by Parliamentary Privilege. At some stage during the inquiry, the Committee normally makes submissions public and places them on its website. Please indicate if you want your submission to be kept confidential.

Notes:
1. Adverse comment in submissions.   Please be aware that if your submission reflects adversely on another person (for example, accusing them of lying or corrupt behaviour) or on an organisation, the committee will send the comment to the other person so they can reply. This may apply even if the committee agrees to keep your submission confidential.

2. Individual cases. Please note that the committee does not have powers to investigate individual cases.