BANKS, AMERICAN

In reply to the Hon. R.I. LUCAS (10 September 2008).

The Hon. P. HOLLOWAY (Minister for Mineral Resources Development, Minister for Urban Development and Planning, Minister for Small Business): The Treasurer has provided the following information:

Funds SA has advised that it has exposure to one collateralised debt obligation (CDO) like structure within one portfolio. At 31 August 2008 the exposure was $250,000, representing less than 0.002% of total funds under management.

WorkCover SA has advised that is has no direct or known indirect exposure to CDOs.

Public Trustee has also advised it has no known exposure to CDOs.