"On a separate note, I’m not sure if this case will have much to...

"On a separate note, I’m not sure if this case will have much to do specifically with the eventual remediation figure that IOOF settles on, what do you think? "

I'm not sure but I very much doubt it; my understanding is this case relates specifically to the mechanics by which an over-distribution in one year was clawed back in a subsequent year.

Which meant that most unit holders were unaffected. The only ones that were penalised were members that joined at a later point in time. Which is why the amounts involved are trivial.


"I’m less sympathetic about CK as, imo, it was his demeanour that put IOOF in the firing line."

I see it totally differently: bad demeanour (arrogance, if you will) is not an offence.

Business leaders, just like community leaders or political leaders, should be at liberty to freely express their opinions about matters without fear of triggering vendettas from authorities using public resources (which this, increasingly, appears to be the case).

We do not live in The People's Republic of China or in the Former Soviet Union.