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Tag Archives: Parliament

NSW crossbenchers Latham and Nile back compensation calls over scrapped mine deal

Key points: Fred Nile and Mark Latham are pushing for investors to be compensated over a scrapped $94m mine deal The MPs say blameless shareholders have been left out of pocket after the company’s licence was revoked American shareholders are also planning to seek compensation, which followed an ICAC inquiry ...

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Mark Latham pushes case against state-sponsored theft

It’s easy to see why Mark Latham is among those who have pledged to compensate NuCoal Resources for what amounts to an act of state-sponsored theft. Latham hopes to win a seat in the NSW upper house on a platform that includes reinforcing property rights by forcing the state to ...

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Crossbench move for NuCoal compensation

The next NSW government will be confronted with a bloc of crossbenchers in the upper house, possibly holding the balance of power, who are demanding millions of dollars in compensation for innocent victims of an ICAC-driven ­expropriation of private property. They have signed a pledge ­acknowledging that 3400 innocent shareholders ...

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Federal ICAC backers must learn from state wrongs

So far, the collateral damage ­inflicted on the innocent has been given insufficient attention by those who are clamouring for a federal equivalent of the NSW ­Independent Commission Against Corruption. That needs to change. The NSW experience should be closely examined to ensure the commonwealth does not follow this state’s ...

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Cessnock MP Clayton Barr frustrated at NuCoal investor inaction

CESSNOCK MP Clayton Barr said he is frustrated that local investors in NuCoal resources are still being forced to fight for compensation. Around 500, of approximately 3000, innocent shareholders in NuCoal Resources live in the Coalfields region and had their investment made effectively worthless by the actions of the NSW ...

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