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In The Press

Mike Baird should right Barry O’Farrell’s wrong

Eventually, NSW Premier Mike Baird will realise the time has come to cut adrift his predecessor, Barry O’Farrell, and make amends for abandoning due process and respect for property rights. O’Farrell is out of politics, but the impact of his greatest blunder — expropriating US assets — has tainted the ...

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US investor warns of sovereign risk after NuCoal loss

An American institutional investor has warned that it is unlikely to ever again invest in Australia because the NSW government expropriated its assets and has refused to pay compensation. Boston-based Sparta Group, which manages a global investment portfolio, is one of a group of US shareholders in Australian company NuCoal ...

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Asset Seizure by NSW Infuriates Americans

American institutions are considering launching international arbitration proceedings against Australia because the government of former NSW premier Barry O’Farrell expropriated US assets worth $120 million. The US institutions, which had major shareholdings in listed mining company NuCoal Resources, were among the main losers last year when the O’Farrell government cancelled ...

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ICAC Won’t Lift Suppression for Parliamentary Oversight

The Independent Commission Against Corruption has refused to lift a suppression order over key documents from three completed inquiries because it believes it is not in the public interest for a committee of the NSW parliament to know what they contain. The suppression order, under section 112 of the ICAC ...

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Asset Seizure by NSW Infuriates Americans

American institutions are considering launching international arbitration proceedings against Australia because the government of former NSW premier Barry O’Farrell expropriated US assets worth $120 million. The US institutions, which had major shareholdings in listed mining company NuCoal Resources, were among the main losers last year when the O’Farrell government cancelled ...

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ICAC’s Failings are Caused by its Alien Structure

One of the enduring criticisms of the NSW justice system has been its failure to secure criminal convictions against those who have already been processed by the Independent Commission Against Corruption. It’s a problem that is easily fixed. After ICAC’s catastrophic pursuit of prosecutor Margaret Cunneen SC, it is becoming ...

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Former Mining Minister Calls for Judicial Inquiry into State’s Anti-corruption Commission

Former NSW mining minister Ian Macdonald has called for a judicial inquiry into the state’s anticorruption commission after obtaining confidential transcripts in which witnesses, including Labor frontbencher Anthony Albanese , gave evidence in his favour that was never made public . The transcripts were made during private compulsory examinations when ...

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NuCoal investor makes plea to NSW MPs

Sean Nicholls State Political Editor The plight of a shareholder who faces losing hundreds of thousands of dollars when a controversial coal licence is torn up by the NSW government will be raised in the Coalition party room before special legislation is introduced to Parliament. Newcastle MP Tim Owen will ...

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Mum and Dad Investors Appeal Compo Decision

NUCOAL shareholders, including Hunter-based “mum and dad” investors, have appealed to the state government to reconsider its decision not to compensate them as it prepares to strip their company of its exploration licence. Newcastle MP Tim Owen will raise the issue of compensation at a Coalition party room meeting ahead ...

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