Mining royalties paid to Indigenous Australians (not!)

Mugwump · Post by **Mugwump** » Sun Oct 30, 2016 7:40 pm

Very interesting, Skids. I am astonished that these funds are not directly administered by government. Isn't that what the Aboriginal Affairs Department is actually for ?

Post by **David** » Sun Oct 30, 2016 8:18 pm

On the face of it, it sounds like an extraordinarily questionable arrangement to say the least. I wonder how this originated and why more hasn't been made of it.

Skids · Post by **Skids** » Sun Oct 30, 2016 9:36 pm

David wrote:On the face of it, it sounds like an extraordinarily questionable arrangement to say the least. I wonder how this originated and why more hasn't been made of it.

I'll definitely be asking more questions next week.

I too was amazed and asked who these trustees are accountable to. Nobody as far as he knew.

Tannin · Post by **Tannin** » Sun Oct 30, 2016 10:50 pm

Sounds like a perfectly normal common or garden financial adviser to me. Sitting around doing nothing and taking a gigantic rake-off is what they do. (Ask anyone anywhere with some super or other investments.)

They are greedy scum for the most part, but not in the slightest racist. They couldn't give a rat's arse about the colour of your skin, they are only interested in the colour of your money.

Mugwump · Post by **Mugwump** » Mon Oct 31, 2016 12:35 am

I had to smile at the quote from Scullion that "white people stealing money from Aboriginal Organisations is high on my agenda'. As opposed to black people stealing money from Aboriginal organizations, presumably...

Skids · Post by **Skids** » Sat Aug 18, 2018 11:26 am

Post by **stui magpie** » Sat Aug 18, 2018 12:25 pm

Hang on a minute, does he have to give back the $1.37M as well?

luvdids · Post by **luvdids** » Sat Aug 18, 2018 12:33 pm

Skids wrote:I'm not sure if I'm reading this correctly?
He's $1million up & no gaol term?

You're not not reading it correctly, you're not seeing the full story....

Doesn't state whether or not he already had repaid it. According to the media release "he had treated these payments as unsecured interest-free loans repayable by 30 June of each financial year"

http://www.oric.gov.au/sites/default/fi ... ration.pdf

Reads to me that he did repay it and has copped a fine for being dodgy, not because he kept it.

Skids · Post by **Skids** » Sat Aug 18, 2018 9:49 pm

luvdids wrote:
Skids wrote:I'm not sure if I'm reading this correctly?
He's $1million up & no gaol term?
You're not not reading it correctly, you're not seeing the full story....

Doesn't state whether or not he already had repaid it. According to the media release "he had treated these payments as unsecured interest-free loans repayable by 30 June of each financial year"

http://www.oric.gov.au/sites/default/fi ... ration.pdf

Reads to me that he did repay it and has copped a fine for being dodgy, not because he kept it.

Cheers

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Mining royalties paid to Indigenous Australians (not!)

Mining royalties paid to Indigenous Australians (not!)