Doug Shave

Doug Shave

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    Fair Trading Minister urges ASIC action

    24/02/2000 5:15 AM
     
    24/2/00

    Fair Trading Minister Doug Shave has urged the Australian Securities and Investments Commission (ASIC) to act quickly to assist Blackburne & Dixon investors.

    “ASIC has been responsible for pooled mortgage investment operations for a number of years,” Mr Shave said.

    “In November last year it received enforceable undertakings from Blackburne & Dixon about its operations.“

    Mr Shave said he is seeking advice on the options available to ASIC to assist Blackburne & Dixon investors, particularly those whose loans are in default.

    “I am writing to the Federal Minister responsible for ASIC, Mr Joe Hockey, to request his active support in assisting these investors,” Mr Shave said.


    Media Contact John Clune 9213 6500