Effective financial regulatory oversight requires rigorous auditing processes, transparent fee structures, and clear accountability mechanisms to prevent catastrophic consumer losses and systemic financial collapses.
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Barnaby 13th May 2026Añadido:
Yet again, I have a meeting with people who have had their money stolen. Lion Property Group has their 400 victims.
$250 million has gone and the Albanese government under assistant at the time treasur assistant treasurer Steven Jones has said the system had to prevent collapses, malfence, mis missselling and catastrophic consumer losses. We haven't done that. And on the back of that, that's on the back of me representing First Guardian and Shield Master Funds.
What is going on? Who is looking up to what is ASICH up to? I'm going to give some tips as an old auditor of what they should look at in some of these authorizing bodies. Who authorized MWL to have a license? Who audited MWL? When was the last audit of MWL? What type of audit was undertaken? Qualified, unqualified, what fees did NWL receive for place in the business? What security did the rec directors of NWL receive?
What did the what fees did equity trustees receive for handling the money of MWL?
Uh what fees did the directors of equity trustees receive to manage the funds?
Who are the audit partner partners of equity trustees? What are the auditor auditors fees? What report did the auditor deliver and where equity trustees were investing? What working papers can the audit auditor present to describe diligence in their job? How much did they charge in equity trustees?
Madame Deputy Speaker, no answers have been given. And if they can't do the job, hand over to me. I'll do it for him.
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