Mr Speaker / Deputy Speaker
Context in which we are discussing this report:
A. A major downturn in the economy with unemployment rising and closures of household name companies commonplace.
B. The situation that has arisen with the Presbyterian Mutual Society, an unregulated organisation that leaves many investors facing extreme difficulties. They may wish that PMS had considered regulation as the organisation became more sophisticated in its approach.
C. On a more positive note a desire from the Credit Union movement to play an increasingly positive role through increased services to their members.