Ann: Michael Malone Appointed as Non-Executive Chairman, page-136

Unless you're claiming this is a scam to funnel Aussie money offshore (which is unfounded conspiracy theory territory) I can't see your argument. Why do you feel SAS need to keep the money in the Australian economy?
Also contrary to your argument is that if SAS reach profitability Australian investors (and therefore Australia) will benefit from a net inflow of funds from equatorial nations.