Trio - international enforcement

Mr Fletcher asked:

In respect of the investigations by the Australian Securities Investments Commission into Trio Capital Ltd and its associated managed investment schemes, what actions are being, or have been, taken to pursue international enforcement, for example, via intergovernmental treaties, liaison with the regulatory agencies, extradition arrangements, etc.

Mr Shorten: The answer to the honourable member's question is as follows:

ASIC has been liaising on a confidential basis where necessary with overseas regulators and is able to make use of the IOSCO Multi-lateral Memorandum of Understanding to assist this process.