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Series VPRS
11158
Records relating to the Royal Commission into the Tricontinental Group of Companies
About this Series
Related Series
Accessing the records in this Series
Date Range:
Series
? 1990 - ? 1992
Series in Custody
1990 - 1992
Contents
1983 - 1992
Public Access:
Closed
Location:
North Melbourne
Format of Records:
Physical
Agency which created this Series
Agency which created this Series
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Date Range
Agency Title
Agency Number
1990 - 1992
Department of the Premier and Cabinet
VA 1039
Agency currently responsible for this Series
Agency currently responsible for this Series
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Date Range
Agency Title
Agency Number
1990 - cont
Department of the Premier and Cabinet
VA 1039
Description of this Series
Description of this Series
How to use the Records
Refer to the Records Description List for this series to identify the unit (box) which holds the record.
Function / Content
This series was created and collected by the Department of Premier and Cabinet [VA 1039] in relation to the Royal Commission into the Tricontinental Group of Companies. The series documents the Departments involvement in the process of inquiry conducted by the Commission.
The Commissions task was to determine what matters and events caused the collapse of Tricontinental and to investigate the nature and extent of any criminal, civil or administrative responsibility for the losses amongst persons in Government, State Bank Victoria (SBV) or its subsidiary, Tricontinental, or amongst auditors, valuers or advisers.
The Commission issued two reports: Interim [First] Report in July 1991 and Final Report in August 1992. Key findings in relation to the Governments role included:
the failure of Tricontinental was not due to any failure of the Government or individual Ministers or officers to properly supervise SBV or Tricontinental;
no blame can be attached to the Department of Management and Budget for Tricontinental losses;
the former Treasurer, Mr Jolly, and the Premier, Mr Cain, acted properly and responsibly at all times. The Premiers responsibility was more remote than that of his Treasurer.
The Government oversight of Tricontinental was limited by the principle of commercial independence of the company. On the emergence of financial problems from 1989 the Government did all it could do to monitor and tackle those problems.
The records contain following information:
financial condition and performance of SBV and Tricontinental
departmental and ministerial oversight of Tricontinental
the involvement of the Treasurer and the Premier in attempts to deal with financial difficulties of Tricontinental.
This is an accumulative series that includes copies of:
Submissions
Transcripts Summaries
Reports
Briefing Papers to the Premier
Correspondence
Diaries
Statements
Lists of Exhibits
Press Clippings.
Function / Content
Recordkeeping System
More research resources
More research resources
Indexes and Registers
Indexes and Registers
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Series Number
Controlled Series
Controlled Series
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Series Number
Previous Series
Previous Series
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Series Number
Subsequent Series
Subsequent Series
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List/s of records in this series
List/s of records in this series
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Consignment Number
Contents Date Range
Public Access
No. of Units
P0001
1983 - 1992
Closed
5
Indexes and Registers
Indexes and Registers
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Date Range
Series Title
Series Number
More research resources
More research resources
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