A very talented bunch of Thieves

I WRITE in response to “Flautist brought the house down” (The Border Mail, May 26).
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I fully agree with Tony Clarke, the concert in the Botanic Gardens organised by the Albury Council, featuring Jane Rutter and ably supported by a student group, was a delightful experience.

The group called The Thieves is from Wodonga Senior Secondary College. They formed prior to the 2013 Kool Skools project funded for Wodonga schools by the Wodonga Council.

The band received an award and were rewarded at the prestigious Kool Skools Gala Night for their original track.

The students are all members of the Wodonga Senior Secondary Instrumental Music Program rehearsing and performing in a range of ensembles including the swing band, funk band, choir and the Combined Government Schools’ Concert Band.

Some members also attend instrumental lessons at the Murray Conservatorium and perform with the The Con Big Band and the Albury City Band.

The Thieves perform at community functions for Wodonga and Albury councils and in Indigo and Alpine shires.

They were thrilled to be given the opportunity through the Murray Conservatorium to perform on the same stage as the renowned flautist, Jane Rutter.

— JANET TUREWICZ,

music co-ordinator, WSSC

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Government college has Coast’s best uni entry scores

DON College has had a better median university admission score than Tasmania’s median for three years.
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The median Australian Tertiary Admission Rank for government colleges, including Don, is consistently larger than the median for Catholic schools since 2011, according to the latest data from the Tasmanian Qualifications Authority.

The differences in median ATAR results are mostly small. The median ATAR last year was 80.1 for Tasmania, compared to 82.4 at Don, TQA data reveals.

The median was 78.5 at government schools, 87.2 at Independent schools and 77.5 at Catholic schools.

Don College Principal John Thompson with students Eva Kline and Taylor Johnston take a look over future career paths.

Don College principal John Thompson said local high and primary schools did a good job preparing students for college.

“Our students are highly capable and can aspire to be whatever they want to be,” Mr Thompson said.

Don College encouraged all students to study what they were interested in, he said.

The median ATAR for Catholic colleges was consistently lower than the Tasmanian median between 2011 and 2013.

St Brendan-Shaw College, a Catholic school in Devonport, had a median ATAR of 79 last year.

The 2013 result, which was not significantly lower than the state’s result, did not concern principal Frank Pisano.

The scaling of subjects students take can effect a student’s ATAR result.

Mr Pisano said there was a larger proportion of students achieving ATARs at St Brendan-Shaw College, compared to greater Tasmania.

At St Brendan-Shaw, 59 per cent of students achieved an ATAR last year, compared to 54 per cent at Marist Regional College, 47 per cent at Don College, 37 per cent at Hellyer College and just 28 per cent across Tasmania.

By encouraging more students to strive for ATARs, the school would necessarily have some who did not receive top results, Mr Pisano said.

Last year St Brendan- Shaw College had two students in Tasmania’s top 100 ATAR results.

There were five at Marist Regional College, four at Hellyer College and three at Don College in the top 100.

Government schools consistently have a larger proportion of students participating in VET courses in year 12.

Government schools had a slightly larger proportion of males, compared to Catholic and independent schools.

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Friends vital to success in China, says James Packer

Mates: James Packer and Kerry Stokes at a function in Tokyo in April. Photo: Alex EllinghausenBillionaire James Packer says his success in China, in both casinos and online job markets, would not have occurred without partners such as Melco Crown chief executive Lawrence Ho and Seek founders Paul and Andrew Bassat.
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The Crown Resorts chairman emphasised that luck has played a great role in his Chinese investments, casino joint venture Melco Crown and online job market Zhaopin, controlled by Seek.

But, he told a conference hosted by News Corp, the most important precursors to success were picking the right industries at the right moments, and picking good partners.

Just weeks after he was photographed brawling with Nine Entertainment Co chief executive David Gyngell, the best man at his wedding, Mr Packer outlined how relationships had underpinned his success in China.

”I had the right partners in both of those industries and opportunities,” he said of Melco Crown and Seek’s Zhaopin.

Mr Packer was speaking on a recorded video link. He was not asked about the clash with Mr Gyngell.

Mr Packer said he would be keen to expand his film production venture with director Brett Ratner, Ratpac Entertainment, into China but would first consult Mr Ho. ”I think that if we were to look at a joint venture the first thing I’d do is speak to Lawrence Ho about it because he’s been such a great partner.”

In brushing off concerns about the imminent need to renew gaming licences with the government in Macau, where Melco Crown runs two casinos and is building a third, Mr Packer revealed how much faith he holds in Mr Ho.

”What people need to remember is the gaming licences do come up in 2022, but the operators have the land and facilities for a far longer time than the licences,” he said.

”The Chinese government in Beijing will speak to the government in Macau. My partner Lawrence is in a much better position to understand and figure out next steps if and when that happens.

”Lawrence Ho is a superstar.”

Mr Packer said the Bassat brothers had done a ”super job” in identifying a local management team for Zhaopin and then giving it incentives to perform.

Mr Packer said he would also be keen to embark on a Chinese joint venture with close friend and fellow billionaire, Seven West chairman Kerry Stokes. ”Kerry has deep relationships in China. I want to do more things with Kerry, full stop”.

The comments appeared to resonate with Seven Group Holdings chief operating officer Ryan Stokes, son of Kerry Stokes, who said he and his father would ”love” to do deals with James Packer in China and elsewhere.

Kerry Stokes and Mr Packer are close friends and recently travelled to China together as part of Tony Abbott’s business delegation.

”He has an incredible eye to pick investments, he has done exceptionally well,” Ryan Stokes said.

”To be able to do that, we would be excited about it. And it’s also good fun”

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Drunk on a slab, out of control

FORMER Albury man Derek Eldridge Koowootha drank a slab of heavy beer in five hours before turning violent with a woman he had been in a de facto relationship with for 14 months.
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A court heard yesterday how Koowootha began swearing at her about 8pm on March 13 and she locked herself in the bathroom of their East Albury house to avoid him.

But he forced his way inside, kicked her in the forehead and spat on her face and arm.

Police arrived and arrested him and took him to the police station where no interview was done due to him being drunk.

An interim apprehended violence order was taken out by police for the victim’s protection and it prevented Koowootha from going to her home.

When released at 7.05am on March 14, police emphasised the ban on him attending there.

But he nevertheless returned and found his de facto was sleeping on a couch.

Koowootha hit his de facto to the left side of the head with a baseball bat before a man at the house intervened taking it from him.

The victim did not call the police after Koowootha left because she felt ashamed about having to ask officers to come back so soon.

Koowootha, 21, was due to appear in Albury Local Court yesterday after pleading not guilty to 13 charges from three separate incidents.

He had been granted bail to live in Cairns but did not return and his bail was forfeited.

Magistrate Tony Murray issued warrants for Koowootha’s arrest.

A provisional apprehended violence order for the victim’s protection was granted at Albury Local Court on March 17.

Koowootha and several others were drinking alcohol at a house in West Albury in the early hours of March 30.

He went to sleep for about 30 minutes, continued drinking when he woke and began yelling at his de facto.

She was kicked and punched to the temple and forehead.

Police were called and they arrested Koowootha.

An ambulance took the victim to the Albury Base Hospital where police obtained a statement from her and took photographs of her injuries.

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Brady Grey’s AFL debut put on hold

BARRING a late withdrawal, Burnie’s Brady Grey will have to wait to make his AFL debut for Fremantle, being named as an emergency for tomorrow’s game against the Western Bulldogs.
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Grey had been included in a 25-man squad to take on the Bulldogs at Etihad Stadium, but Fremantle elected to make only one change to its side.

Brady Grey, pictured training with Fremantle, has been named an emergency for tomorrow’s game against the Western Bulldogs at Etihad Stadium. Picture: Fremantle Football Club.

Luke McPharlin is the only inclusion, replacing the injured Matt de Boer.

Despite not making the final 22, 18-year-old Grey is understood to have travelled with the Dockers to Melbourne yesterday.

Grey, who plays for Peel Thunder in the WAFL, has been named as an emergency along with former Melbourne player Colin Sylvia and Garrick Ibbotson.

Fremantle general manager of football operations Chris Bond said both Grey and Sylvia were performing well at WAFL level.

“Brady’s played a variety of roles, back, on-ball and forward, and Colin as well, on-ball and forward, has played a significant role,” Bond told the club’s website.

“Unfortunately Peel aren’t playing this weekend, but they’ll do a really solid training session and continue to push for selection.”

Grey was selected by the Dockers with pick 58 in November’s AFL National Draft, alongside fellow Coaster Alex Pearce (pick 37).

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Star Willie Heta sets sights on another premiership

ALBURY Thunder star Willie Heta has put the disappointment of being overlooked for the Riverina team behind him and is focused on winning a third successive premiership.
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Heta was surprisingly left out of the side despite starring for Group 9 in their 44-28 win over Group 20 at Wagga earlier this month and admits the decision may have affected his game as he looked to prove a point.

But the former Auckland Vulcans player said yesterday he had moved on and was looking forward to Thunder’s top-of-the-table clash against Southcity at Harris Park tomorrow.

“I was disappointed on the night because I thought selection was based on performance,” Heta said.

“I was pretty down about it.

“Josh (Cale) thinks it affected my game as I have been trying to get out there and force things and show them why I should have been picked.

“I have got it off my chest now and I’m a bit over it.

“I’m looking to have a blinder this week so I’m feeling good.”

The gun five-eighth is looking to take on extra responsibility for Albury tomorrow with teammates Lou Goodwin, Mitch Davis and Ben Jeffery playing for Riverina at Singleton.

WILLIE HETAThis story Administrator ready to work first appeared on Nanjing Night Net.

Clean energy

THE Clean Energy Tipping Point presentation hosted at UTAS on Tuesday night provided an excellent insight into dramatic changes that are taking place right now within the Australian energy market.
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Tasmania is enviably placed in the renewables market but there is no guarantee of expanding economic opportunities unless we respond rapidly and appropriately to these fast moving trends.

Energy experts Paul Gilding and Giles Parkinson busted some popular misconceptions, particularly about rooftop solar in Australia.

Several studies show that policies supporting the expansion of solar PV on households has the effect of reducing wholesale energy prices, not increasing them.

Furthermore, if the national Renewable Energy Target is scrapped or weakened Australia will lose out in terms of jobs and related economic activity.

Tasmania is likely to suffer the most harm.

Many prominent figures in Canberra seem unwilling to acknowledge that their regressive attitudes to climate and energy will, in the long run, undermine our social well-being and future prosperity.

The heat is now on Tasmania’s representatives in Canberra to get to grips with the changing national energy market and enact policy which serves the interests of Tasmanians and all Australians in the longer term.

– NICK TOWLE, Heybridge.

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Why ‘competition’ means university fees will rise

Illustration: Glenn LeLievre.The greatest economic puzzle in the budget is Tony Abbott’s intention to ”deregulate” university fees in 2016. There’s a lot more to it than many people imagine.
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Punters who make no profession of understanding economics think fees will skyrocket. Advocates of the change, who think they know more than the punters, say increases will be constrained by competitive pressure.

The more economics you know, the less certain you can be about how things will turn out. But you can make a pretty persuasive case that, for once, the punters may be closer to the truth than the advocates.

Abbott and his education minister, Christopher Pyne, plan two main changes: the deregulation of fees and changes to the HECS loan scheme. I’ll leave the loan changes for another day and focus on the fee changes.

At the same time as it permits unis to set their own fees for undergraduate courses, the government will cut its contribution towards the cost of courses by an amount that averages 20 per cent.

It will then reduce the annual indexation of its contribution, switching to the consumer price index, which doesn’t rise as fast as the unis’ wages and other costs.

So the government’s primary motivation is clearly to shift more of the cost of universities from itself and onto students. The 20 per cent cut will give universities an immediate and pressing reason to use their new freedom to increase the fees they charge, and the less-generous indexation will maintain the pressure for further increases.

Even so, the man who recommended that unis be allowed to set their own fees, Andrew Norton, is confident the initial increase will be no more than $6000 a year, taking annual fees to between $12,000 and $16,000, depending on the course.

The government is confident its various changes will increase competition between the unis, leading to greater diversity, innovation and quality, and giving us ”a world-leading higher education and resource system”.

The simple model of how markets work taught in introductory economics courses leaves may people with excessive faith in the ability of market competition to foster increased efficiency, constrain price increases and ensure customers get high quality.

Its promises are based on a host of limiting assumptions, which usually don’t apply. It assumes a very large number of small firms selling a homogeneous product to buyers with ”perfect knowledge” of the quality and other characteristics of what they’re buying.

In the tertiary education ”market”, however, we have a relatively small number of large and larger organisations, selling differentiated products of uncertain quality. We have oligopoly rather than ”perfect competition”.

We know oligopolists compete, but usually try to avoid competing on price rather than marketing. They have a degree of pricing power and their competition takes the form of rivalry – focusing on the behaviour of competitors rather than the needs of customers.

It’s misleading to describe giving unis freedom to set their own fees as ”deregulation”. Indeed, it’s silly to imagine higher education is anything like a market. Its ”firms” are owned by the state governments and highly regulated by the federal government. All its courses still have to be accredited by the feds which, they claim, guarantees that quality standards won’t fall.

Even the unis’ freedom to raise their fees – which the next government could reverse – comes with a string attached: fees charged to local students may not exceed those charged to overseas students.

There’s no profit motive. And, as any academic will tell you, unis are highly inefficient, bureaucratic organisations dominated by administrators. The safest prediction is that giving unis greater revenue-raising ability will lead to them employing more administrators.

How can uni fees be regarded as a ”price” in the textbook sense when people are lent the money to pay the price under a concessional loan they won’t have to repay for years?

In effect, universities have a government-regulated monopoly over a product that gives young people access to the country’s highly paid jobs. What will they do when the price jumps – abandon all ambition? Demand seems highly ”price inelastic” – unresponsive to price changes.

Our unis are protected from import competition by the high fees other countries charge foreign students. Within Australia, unis enjoy a degree of geographic monopoly. Sydney and Melbourne unis don’t really compete for students. Living costs can be high if you move to a regional uni.

The sandstone unis will be able to charge a premium that reflects their higher status, more central locations and lovely campuses. In a normal market, other unis would charge less than the big boys.

The simple model assumes consumers ensure prices reflect differences in quality. But where it’s hard to judge the quality of a product before you try it, many people reverse the causation and assume the higher the price, the higher the quality. This gives lower-quality producers an incentive to charge high prices.

In the early noughties, the Howard government allowed unis to raise their fees by 25 per cent. One small uni decided not to do so. It found its applications from new students actually fell. So the following year it put its fees up like all the others and its applications recovered.

In Britain, the Cameron government allowed unis to raise the £3000 annual fee they charged local students up to a limit represented by the £9000 fee charged to foreign students. Almost all of them took the opportunity to raise their fees to the maximum allowed.

Applications dropped by 9 per cent in the first year, but rose in subsequent years.

On the basis of all this, my guess is the sandstone unis will raise their fees a long way and the less reputed unis won’t be far behind them.

Their notion of competition will be to make sure no one imagines a lesser fee than the big boys is a sign of their lesser quality.

Twitter: @1RossGittins

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Zach’s chance to shoot for the stars

ZACH Murray is set to embark on a whirlwind world tour — 55,000 kilometres and three continents — play at the home of golf and all with the long-term aim of teeing it up at Augusta next year.
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In a little less than two months, the Wodonga teenager will have travelled almost 2½ times around the globe playing in tournaments previously won by the greats of golf.

The “world tour” starts with the Toyota World Junior Golf Championships in three weeks — Murray, 17, selected by Golf Australia to be part of a team with three others.

The Catholic College student then returns briefly to Australia, but only long enough to pack his bags for the next assignments — the US Junior Boys whose past winners include Tiger Woods and this year’s Masters runner-up at just 20, Jordan Spieth.

From the Jack Nicklaus-designed course on the outskirts of Houston, Murray will then fly to Britain.

There he will tackle a series of events that culminates in the 88th edition of the British Boys which will be partly played at Prestwick, home of the first 12 Open Championships.

Murray will also play at other Open venues Royal Birkdale and the home of golf, St Andrews, in lead-up events.

“It really is a big calendar and the recent addition of the Japanese tournament makes it a pretty busy two months,” he said yesterday.

“We leave for Japan on June 20 just after I finish off my school exams, so the timing is pretty good.

“I’ve had a bit of a break from the end of summer and pennant golf season and will now start to wind back up with the practice.

“For the past three weeks, I have been focusing on fitness work — getting into the gym and running.

“Playing 72-hole tournaments and then matchplay finals is physically and mentally demanding and you have to be at your peak.”

Murray’s inclusion in the Golf Australia elite squad has opened the door to international tournaments and travel and he says it is now up to him to perform.

“These are iconic tournaments at some of the best courses in the world, at the home of golf,” Murray said.

“I still have to pinch myself when I watched the Players at TPC Sawgrass a couple of months ago and think I’ve played there.

“These tournaments all carry big international ranking points and some good results could see me inside the top-10 in Australia and an automatic qualifier for the Asian Amateur later this year that will be played at Royal Melbourne.

“I feel comfortable and confident at Royal Melbourne and the winner of that event goes straight into the US Masters.

“That’s the ambitious and long- term goal.

“I just have to play my best golf.“

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Tasmania’s Beaconsfield mine still mired in corporate intrigue

Facing the cameras: Bill Shorten outside the Beaconsfield mine.It was a sunny Saturday morning in May 2006. We were in a playground at the beach, pushing our infant on a swing when the phone rang. It was Bill Shorten.
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”Maate! Why didn’t you use those quotes I gave you?” Bill was referring to a story that day on page one of The Australian – where the reporter worked at the time – about Tasmania’s Beaconsfield mine disaster. The goldmine had collapsed on Anzac Day, April 26, trapping Todd Russell and Brant Webb almost one kilometre beneath the surface. Tragically, the rock fall killed fellow miner Larry Knight.

As the drama over the mine rescue made headlines around the world, Bill, then a union leader, had made haste to the mine site. Facing the cameras daily to report on the rescue operation, he soon shot to national prominence.

By the time he called a couple of weeks later, miffed at the absence of his quotes (they were chopped from the bottom of the story in the edit), we had begun to be a little miffed with Bill himself. He had a report by a geotechnical expert about seismic events at the mine with which he and his offsider Paul Howes refused to part. They were loath to breach confidentiality, Bill said.

We managed to get a copy elsewhere, much later. Written five months before the mine collapsed by respected geo Glen Sharrock from AMC, it recommended bolstering the ground-support mechanisms in the mine.

There had been a ”strong concentration of large seismic events”, Sharrock said. ”Based on AMC’s understanding of seismicity at Beaconsfield, the potential exists for further large and damaging seismic events. The mine ground control management plan should address the depth of failure issue and install cable bolts with appropriate surface support where required.”

In short, cable bolts were not installed. The mine collapsed six months later at level 925, where Sharrock had advocated the cable bolting. Later, at the inquest for the death of Knight, the coroner made no finding of negligence.

There was corporate intrigue over the mine two years before the human drama and it continues to this day. When it collapsed, the mine was in administration under the management of Perth accountant Michael Ryan. Ryan, then of Taylor Woodings, now presides over the controversial Kagara insolvency for FTI Consulting.

In 2005, we had published the story of how the goldmine had suddenly gone under, $77 million of debts were sold to Macquarie Bank for $300,000, then it became profitable again. That story would become the subject of a defamation suit, which The Australian won.

The conduct of the administration of the company that controlled the mine has been the subject of legal contests and freedom of information requests ever since.

Fast forward to Tuesday this week: Will Matthews, a small shareholder in that company, Allstate, appeared before the Supreme Court of Victoria to oppose an application by a coven of lawyers and accountants that his shares should be cancelled for nil consideration. Matthews has doggedly pursued his interest in Allstate since it went into administration in 2003 – so doggedly in fact that this year marks the 10th anniversary of his FOI request. Still afoot, it is perhaps an FOI world record. Since he activated his request, the population of the earth has expanded by 700 million.

Matthews has asked uncomfortable questions about the company – and put these to assorted directors, lawyers, regulators and accountants – questions such as: ”Where are the financial statements and why has the annual general meeting not been held?” In pursuit of that arcane substance, the truth, the pony-tailed surfer and actuary from Brighton has duked it out with Clayton Utz, Mallesons, Taylor Woodings, Macquarie Bank, the Australian Securities and Investments Commission, and the world’s largest goldminer, Newmont (which formerly controlled the mine). The only courts he has not been in have been the High Court and the tennis court.

Besides a two-hour stint on his feet before the Supreme Court of Victoria this week – browbeating Deloitte and Maddocks (Allstate’s latest administrators and their lawyers) for attempting to cancel his shares in dubious circumstances – he is spearheading two actions in the Federal Court. These relate to the controversial conduct of the administration in 2003. The defendants are Allstate and its former administrators Michael Ryan and Tony Woodings.

The lawsuits, on behalf of minorities, are funded out of Singapore and promise, should they proceed, to open up some old wounds and make a few new ones.

Matthews reckons the mine should never have gone under.

Meanwhile, in his quest to make public information public, he is before the Administrative Appeals Tribunal again in a couple of weeks.

Ironically, earlier this month ASIC shot off a letter to Deloitte withdrawing the relief it had given for Allstate’s 2013 accounts and reserving its rights to take action against Deloitte in relation to ”the apparent misrepresentation made to ASIC” and for breaches of the Corporations Act.

ASIC had a sudden change of heart and did not contest the share cancellation in court this week.

So Deloitte won and Matthews will finally lose his shares.

The cost of all this obfuscation must surely run into the millions. Still it proceeds apace.

Insolvency firms that run mines or other businesses seem to struggle with information flows. The Coroners’ report into the death of Larry Knight highlighted a series of information problems associated with the mine disaster. They included wrong information given to the family of Larry Knight, lack of communication between workers and mine management, lack of details about various rock falls given to Work Safe Tasmania and the apparent failure of mine management to share information between its geological consultants.

That was under the administration of Taylor Woodings.

Ten years after its first insolvency, three partners of Deloitte were appointed administrators of Allstate on  October 1, 2013. Since then, the creditors and shareholders of the Company and the corporate regulator ASIC have been given that special treatment of dubious representations and omitted information which is the unadvertised speciality of big accounting and legal firms working in the insolvency field.

Deloitte together with their legal representatives, Maddocks, and the company’s directors have were accused by ASIC of appearing to misled shareholders, creditors and ASIC itself about the existence of the Allstate’s financial report for June 2013, in documents filed in court.

These stakeholders were led to belief that the financial report for June 2013 was in “draft” form and unfinished when in fact the financial report was final and signed off by chairman Clive Carroll and the auditors RSM Bird Cameron on August 29, 2013. What was said to be ‘draft’ was in fact final and being withheld from shareholders, creditors and ASIC. It’s all there in a letter to Deloitte from ASIC.

After its appointment, Deloitte sent a report to creditors and fronted a creditors meeting indicating there was no audited financial information for June 30, 2013 and only draft financial information was available.

In an application to ASIC dated November 25, 2013, Maddocks requested relief from preparing a financial report for June 30, 2013 and holding an annual meeting for 2013 on the basis that at the time of the application there were only “Draft Outstanding Reports” for 2013.

Deloitte confirmed to ASIC that in its opinion “the costs of finalising the preparation and lodging of the Draft Outstanding Reports” would impose “an unreasonable burden” on Allstate.

The appointment of the administrators had ‘disrupted” the routine for complying with reporting obligations, they claimed.

Maddocks made no mention of the fact that the financial report for 2013 had been completed and signed off but the company’s directors and Deloitte had chosen not to release it.

On Christmas Eve 2013, ASIC was persuaded to issue accounting and AGM relief based on the incorrect representations about a ‘draft financial report’ and the significant costs to complete what was already a financial report in final form.

Turning to May 2014 and the regulator got wind that Maddocks and Deloitte might have been pulling their leg in the relief application letter of November 25. ASIC was clearly not happy about the draft financial report storyline and they found their mojo.

In a letter to Maddocks and Deloitte dated May 16, 2014, ASIC served notice on Deloitte to produce the books and records of the company. The regulator had found out about the finalised and hitherto withheld financial report for June 30 last year.

In a letter to Maddocks and Deloitte of May 21, 2014, ASIC withdrews its “no action” relief for that missing financial report. The regulator also reserved its right to appear in the Supreme Court in Victoria to appear as a friend of the court – or amicus curiae – to protect the interests of minority shareholders like Will Matthews.

This was quite the irony as Matthews has been battling none other than ASIC in his epic FOI crusade. For a moment they were on the same side.

The Maddocks and Deloitte story line quickly changed once they received ASIC’s letter with the draft report. It was not the cost to complete a draft financial report that was the problem. It was the directors’ fault, they claimed. It was the directors fault that all these false representations had been made. The directors had instructed Deloitte not to lodge the final financial report for 2013 with ASIC or make it available to shareholders and creditors. They made us do it!

Maddocks also deployed their big legal firm schmooze with ASIC. An urgent meeting was arranged at ASIC’s offices on Monday.

On Tuesday, Will Matthews was in the Supreme Court trying to save his shares but his “amicus curiae” had become an “amicus in absentia”. ASIC did not appear.

All this lends allure to the Homeric FOI war prosecuted by Will Matthews in the name of getting a straight answer.

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