Morning all holders,
Just wanted to make some comments about some of the posts I have been reading...
"NSW Government refused the PEP11 applications" - No, they elected not to lodge a decision.
"MMR is not compliant" - No, the quarterly clearly states they are fully compliant.
"Albanese/Husic/Federal Government have followed due process/have acted in accordance with the law" Not in my opinion and here is why I think that:-
In February 2023, the Federal Court ordered that the SEV application be redecisioned.
In June 2023, Resources Minister Madeleine King accepted the responsibility to make the decision passing up the opportunity to delegate it to another DISR Minister.
On 17th October 2023, NOPTA issued their advice and recommendations on the SEV & SE.
On 27th October 2023, just 10 days later, King backflipped and recused herself.
In April 2024, King decides to maker her recusal public.
In July 2024, some nine months after the issuance of the NOPTA advice, Advent is forced to seek Federal Court intervention to compel Husic to make a decision.
In September 2024, Husic issues a preliminary view that the applications should be refused. This announcement comes right in the middle of an announced Capital Raise by MMR and the BPHOB offer.
In October 2024, MMR confirms it has successfully raised approx. $3M and will seek re-instatement.
In January 2025, some 2 years after the court order, and some 14 months after the issuance of the NOPTA advice, Husic issues refusal based on financial capacity concerns.
We also now now that (a) the ALP has a caucus policy to refuse PEP11 applications, and (b) that an SE application can be approved with as little as $50K in the bank.
Does this sequence of events look anything like "due process"?
The key questions are:-
1. Why did King accept decision maker responsibility in June 2023?
2. Why did she recuse herself 10 days after the NOPTA advice was issued?
3. Is King legally allowed to delegate subsequent to accepting responsibity in June 2023?
4. Why did Husic issue his concerns, which related to financial capacity, in the middle of a captial raise?
5. Why did the ALP take 14 months to issue a refusal when the only changes between October 2023 and January 2025 were improvements to Advent's position?
6. If the ALP are steadfast in having analysed the evidence, why the delay?
7. Why did the ALP go through this charade when not one single ALP MP brought an open mind to the process?
20 days to go before the Government must lodge the bundle. Then the NOPTA approval window re-opens.
JMO. Not advice. GLTAH.
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