Statement by Senator the Hon Peter Cook
Senator the Hon Brian Gibson
Acting Chairman
Senate Economics References
Committee
Parliament House
CANBERRA WA 2600
17
May 2007
Dear Senator Gibson
RE: INQUIRY INTO
MASS-MARKETED TAX-EFFECTIVE SCHEMES AND INVESTOR PROTECTION
At the Committee meeting on 5th
February, I left open the prospect of supporting Senator Murphy’s Minority
Report.
I believe Senator Murphy picks up
the issues of the ATO’s role in these matters as well as the issues of
prospectuses, product rulings and promoters’ commissions much better than your
report.
However, I remain in support of
the general thrust of your report and believe it does progress the issues and
make many valuable points and recommendations.
It would have been preferable to
combine them into one report if possible, but the time constraints don’t allow
both this and my continued preference for it’s release in the period of the 39th
Parliament.
I will be a signatory of the main
report and record while I hold some reservations about some of the reasoning in
the Murphy report, I endorse its broad thrust.
Yours sincerely
SENATOR PETER COOK
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