Andrew Forrest calls for review into Rugby Australia’s handling of Western Force axin

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17-06-18, 10:41
wholetruth

Andrew Forrest calls for review into Rugby Australia’s handling of Western Force axin

Twiggy and Nick Taylor putting the pressure on. Keep it going guys.

Nick TaylorPerthNow
June 17, 2018 12:00AM

MINING magnate Andrew Forrest has called for a re-examination of Rugby Australia’s involvement in the axing of the Western Force following a Sunday Times investigation into the controversial deal.
The Sunday Times inquiry revealed the Force never stood a chance in its battle for Super Rugby survival and that;
* RA was brokering a deal to save the Rebels two months before the decision to axe the Force was announced and helped orchestrate the sale of the Rebels to the Victorian Rugby Union.
* RA money helped clear debt to save the Rebels and sign the Force’s death warrant.
A senate inquiry was held into the cutting of the Force. Inquiry chair Senator Rachel Siewert confirmed she had received correspondence from Forrest, who described RA’s deal with the Rebels as farcical.

More here

https://www.perthnow.com.au/sport/we...-ng-b88868603z
17-06-18, 10:55
Bakkies

Quote:

Originally Posted by wholetruth

Twiggy and Nick Taylor putting the pressure on. Keep it going guys.

Nick TaylorPerthNow
June 17, 2018 12:00AM

MINING magnate Andrew Forrest has called for a re-examination of Rugby Australia’s involvement in the axing of the Western Force following a Sunday Times investigation into the controversial deal.
The Sunday Times inquiry revealed the Force never stood a chance in its battle for Super Rugby survival and that;
* RA was brokering a deal to save the Rebels two months before the decision to axe the Force was announced and helped orchestrate the sale of the Rebels to the Victorian Rugby Union.
* RA money helped clear debt to save the Rebels and sign the Force’s death warrant.
A senate inquiry was held into the cutting of the Force. Inquiry chair Senator Rachel Siewert confirmed she had received correspondence from Forrest, who described RA’s deal with the Rebels as farcical.

More here

https://www.perthnow.com.au/sport/we...-ng-b88868603z

Not sure if it can be re-investigated by the Senate when ASIC are looking in to the matter. From what I know the Senate forward the evidence on to ASIC.
17-06-18, 10:59
wholetruth

Quote:

Originally Posted by Bakkies

Not sure if it can be re-investigated by the Senate when ASIC are looking in to the matter. From what I know the Senate forward the evidence on to ASIC.

I don't think an inquiry can be re-convened can it? It would need a new inquiry but reading between the lines is there a hint of 'can you look at whether someone didn't quite tell the truth to your inquiry please Senator Siewert?'
Now THAT would be interesting
17-06-18, 16:33
Markos2012

Quote:

Originally Posted by wholetruth

I don't think an inquiry can be re-convened can it? It would need a new inquiry but reading between the lines is there a hint of 'can you look at whether someone didn't quite tell the truth to your inquiry please Senator Siewert?'
Now THAT would be interesting

That is about all we have now. ASIC have bigger fish to fry. The Senate however will have a serious issue with being lied to.
17-06-18, 16:42
wholetruth

Quote:

Originally Posted by Markos2012

That is about all we have now. ASIC have bigger fish to fry. The Senate however will have a serious issue with being lied to.

But "smaller" fish are easier to fry and with ASIC under a funding threat they might like to produce a result. to show they are doing their job.
17-06-18, 19:19
andrewM

time to bombard the FUEARU website with questions

http://www.rugbyaustralia.com.au/ContactUs.aspx
18-06-18, 05:10
Bakkies

Quote:

Originally Posted by Markos2012

That is about all we have now. ASIC have bigger fish to fry. The Senate however will have a serious issue with being lied to.

Bigger fish to fry is nonsense. It is not an excuse to avoid investigations they state they are looking in to. They have completed investigations that are chump change compared to the tens of millions involved with the RA's transactions and Imperium Unit Trusts there maybe ATO involvement too.
18-06-18, 05:13
Bakkies

Quote:

Originally Posted by wholetruth

I don't think an inquiry can be re-convened can it? It would need a new inquiry but reading between the lines is there a hint of 'can you look at whether someone didn't quite tell the truth to your inquiry please Senator Siewert?'
Now THAT would be interesting

Investigating the behaviour of witnesses was part of Sen Reynolds recommendations. Given what has been sent to ASIC the Inquiry barely scratched the surface. It could have done with an extra hearing calling up Anthony French, John O'Neill and Gary Gray.
18-06-18, 06:13
Markos2012

Quote:

Originally Posted by Bakkies

Bigger fish to fry is nonsense. It is not an excuse to avoid investigations they state they are looking in to. They have completed investigations that are chump change compared to the tens of millions involved with the RA's transactions and Imperium Unit Trusts there maybe ATO involvement too.

It is the political reality Bakkies; the Banking Royal Commission is the big show in town. The investigation will go ahead, it will take years and all those involved will be long gone before any action is taken. Bitter pill - sure. Nonsense - definitely not.
18-06-18, 07:40
Bakkies

Quote:

Originally Posted by Markos2012

It is the political reality Bakkies; the Banking Royal Commission is the big show in town. The investigation will go ahead, it will take years and all those involved will be long gone before any action is taken. Bitter pill - sure. Nonsense - definitely not.

The first report from the Banking Royal Commission is not due till September.
18-06-18, 09:32
.X.

I'm curious. What are everyone expectations of the outcome of the ASIC Investigation?
18-06-18, 09:45
Bakkies

Quote:

Originally Posted by Exile

I'm curious. What are everyone expectations of the outcome of the ASIC Investigation?

Disqualification and insider trading charges at least.
18-06-18, 10:28
GIGS20

Possibly some compensation to various parties, key players banned from holding office, unlikely to see jail time, maybe some nominal fines

As will likely deal with the unfair representation on the board.
18-06-18, 10:51
UAUdiver1959

Quote:

Originally Posted by Exile

I'm curious. What are everyone expectations of the outcome of the ASIC Investigation?

The Truth, and making sure everyone in the East knows and understands what happened to WA.

ATO to looking into all of the payments ARU/MRRU/VRU.

Don't forget, its the money, its always been follow the money. Everyone is talking about ASIC actions against ARU directors etc for how they dealt with WA, lets not forget how they dished out millions and where that money went ......
18-06-18, 10:56
Markos2012

Quote:

Originally Posted by Exile

I'm curious. What are everyone expectations of the outcome of the ASIC Investigation?

Embarrassment for the ARU (which will be like water off a duck’s back), possibly a call to overhaul structure of Rugby in Aus, a few negative mentions for complicit individuals and maybe a disqualification or two. Carpet lifted, whole messy deal swept under.

I still reckon deliberately misleading the Senate is where we should focus. Clyne could get a please explain and in up in the cells for that. Still a long shot, but for me a better chance of justice.

In the end it is what it is. We need to move on.

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