Page 155 - Week 01 - Tuesday, 12 February 1991

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CHIEF MINISTER FOR THE AUSTRALIAN CAPITAL TERRITORY

LEGISLATIVE ASSEMBLY QUESTION

Question No 313

Building Societies - Loans

MS FOLLETT - Asked the Treasurer upon notice on 13 December 1990:

(1) Did any Building Society advance less than the prescribed percentage of all loans for owner-occupied housing in 1989-90 ; and if so, what are the details.

(2) If the answer to (1) above is yes, was any prosecution attic.^. launched by the Registrar of Co-operative Societies; and if not, why not.

MR KAINE - The answer to the members question is as follows:

(1) Returns lodged. by two of the three building societies registered in the ACT as at 30 June 1990 indicate that both societies advanced more than the prescribed minimum percentage of all loans for owner-occupied housing in 1989-90. Canberra Cent=e Holdings Limited applied for and was granted an extension to 28 February 1991 to lodge a return, in relation to Canberra Building Society, in the format required by the Registrar of Co-operative Societies.

(2) Not applicable - see (1) above.

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