Page 159 - Week 01 - Tuesday, 12 February 1991

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CHIEF MINISTER FOR THE AUSTRALIAN CAPITAL TERRITORY

LEGISLATIVE ASSEMBLY QUESTION

Question No 317

Canberra Building Society - Shares

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

Did the Registrar of Co-operative Societies or the Treasurer have any power in relation to the takeover offer by Advance Bank to purchase only the first 2000 shares in the Canberra Building Society; and if so, why was it not exercised when this decisicn effectively means that some shareholders in the former Society are stuck with shares for which there is no market.

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

No.

159

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