You might be correct on Part 3 Section 9 (b) (4) of the NAIF Act but when it is proposd that a $610 million taxpayer funded concessional loan be transferred to two individuals, Farquhar and Jackson, there is an onus in the Chair and CEO of NAIF and the responsible Ministers, King and Gallagher, to obtain a legal opinion from the Solicitor-General.
As revealed by the AFR, Kidston and Farquhar continue negotiations to go beyond 19.99% which suggests parties are conniving to avoid obtaining a Solicitor-General's interpretation re the NAIF Act and the use of public funds.
Your approach to the Government administration is what brought on the Robedebt Royal Commission which has revealed the levels of ineptitude that can be reached in the likes of NAIF
I will write to Mark Dreyfus and ask who it is in the bureaucracy and government who is preventing an opinion being obtained from the Solicitor-General.
Curious that you ask if I have obtained independent legal advice but you have not questioned what independent legal advice the board and management of Genex Power Ltd has obtained.
Has Kidston been complying with such legal advice in his recent negotiations with Farquhar?
Why won't Genex Power Ltd provide an ASX Announcement with a link to a legal opinion that supports the legality of the privatisation takeover?
There is a stench hanging over the Jackson/Farquhar proposal to acquire the $610 million taxpayer funded concessional loan and as such we would all be well served by an opinion from the Solicitor-General.
It was on 19 August that I asked NAIF if Jackson/Farquhar should pay out the NAIF loan if their takeover proceeded.
NAIF refused to answer; just like it refuses to answer the question, has it requested an opinion from the Solicitor-General?
GNX Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held
