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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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Draft Exploration Code of Practice: Community Consultation

The Division of Resources and Energy (DRE) is currently reviewing the existing community consultation guidelines and reporting information. A draft Exploration Code of Practice: Community Consultation [752 KB PDF] has been prepared to provide detailed requirements and guidelines to assist title holders in the fulfilment of their community consultation obligations. ...

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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: Cascade Coal director McGuigan pans ‘totally unfair’ processes

  Cascade Coal director John McGuigan has slammed the process that led to the company being stripped of its mining licences, saying a report on the NSW Independent Commission Against Corruption this week demonstrated the “totally unfair nature” of its treatment. Mr McGuigan, a former executive chairman of global law ...

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Mike Baird’s ICAC reform: painful process of restoring state’s standing begins

Mike Baird’s decision to reform his anticorruption commission is just the beginning. It means the NSW Premier has started the painful process of restoring his state’s standing as a bastion of the rule of law. The Independent Commission Against Corruption will continue to have an important role. But the reform ...

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‘Freedoms’ inquiry focus on property rights

  The Australian Law Reform Commission’s inquiry into traditional freedoms is set to gain a stronger focus on the protection of property rights after the appointment of Queensland academic Suri Ratnapala to a key role. His appointment as a parttime member to help with the “freedoms” inquiry comes amid growing ...

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