No Trust
JUSTICE IS COMING...
- Joined
- 22 November 2010
- Posts
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It would be remiss not to remember the Innocent Retiree Investor's at this time of year and the miserable Christmas inflicted upon them by Equititrust... Whilst some enjoy Christmas Turkey in luxurious Multimillion Dollar Mansions Innocent Retiree Investors have been thrown on the scrap heap without the ability to claim a pension...
In terms of blame, the old adage really does apply... When you point one finger at someone else three are pointing back at you... Maybe McIvor needs to reflect or mediate on this for a while and consider the pain and suffering of retiree investors who face complete decimation of their investment
It really is an appalling disgrace...
Those associated with this company group have a history of dishonest conduct. If you search on Google you will find that Mr Leif Schipper (an accountant) did some time in Jail from 2007 due to his involvement in a multi million dollar tax scam.
Mr Greg Hannan has allowed companies in his control to trade while insolvent Mainstreet International Marketing Group Pty 26 096 439 762 (insolvent). He also has a history of not ensuring his employees entitlements are paid. He should be attracting much attention from ASIC, ACCC and the tax office due his past conduct, track record and lack of corporate compliance.
Has the credibility of these companies ever been examined by the relevant authorities considering they are dealing in financial products and financial processing?
What protection do consumers have?
The Equititrust Website states the offices will not reopen till the 16th of January...
A very lengthy shutdown it seems...
The Westpac receiver who will take control of the office building will review all the lease covenants in the building to ensure that rent is being paid etc... That will include Equititrust in terms of any lease it has with MM Holdings (In Receivership).
It will be interesting to see if the rent is paid up to date. All will come out in the property report when the building is put up for sale by the appointed marketing agents..
The question now is which bank will move next if they haven't already...
I will take a guess...... the lease will be long onerous and the EIF will be underwriting it...probably even some hefty 'break fee' - all in favour of MM and against EIF....
Just a little matter regarding Centrelink and pensions.
I saw someone had published a missive from Centrelink deeming the method by which
Assets and Income from Equititrust are determined.
However, I would not take that as gospel, even though it will be applied initially at least.
My OPINION is that anyone in financial hardship due to denial of Centrelink payments because of deemed Equitrust should most definitely APPEAL against that, making systematic and complete use of the Centrelink appeals process, including AAT appeals. ( no cost)
It is important to officially start the process, there may be many twists and turns.
This sort of thing has happened before, these rulings are sometimes changed on appeal. Each case must also be judged on the individual circs, different outcomes may therefore apply. Technically, Centrelink should never attempt to dissuade you from appealing.
What I am saying is someone should appeal this all the way to the top
Those associated with this company group have a history of dishonest conduct. If you search on Google you will find that Mr Leif Schipper (an accountant) did some time in Jail from 2007 due to his involvement in a multi million dollar tax scam.
Mr Greg Hannan has allowed companies in his control to trade while insolvent Mainstreet International Marketing Group Pty 26 096 439 762 (insolvent). He also has a history of not ensuring his employees entitlements are paid. He should be attracting much attention from ASIC, ACCC and the tax office due his past conduct, track record and lack of corporate compliance.
Has the credibility of these companies ever been examined by the relevant authorities considering they are dealing in financial products and financial processing?
What protection do consumers have?
Despite a receiver being appointed to MM Holdings and the office building on Chevron Island being caught up in the imbroglio with Wesptpac Bank, Nick Nicholls has not mentioned one thing in the Gold Coast Bulletin. It is a newsworthy story as it relates to a substantial property holding going into receivership. What's wrong Nick, have you forgotten what impartial journalism is about ? At least other papers take up the slack where Nicholl's selectively decides not to report. How about a story on the plight of investors Nick who can't put food on their table and cannot get a pension, or is that a bit too hard to swallow. Gutlessness like this is what perpetuates amongst the white shoe brigade on the Gold Coast. It's easier to look away whilst retiree investors are thrown on the scrap heap. Nick Nicholls has nailed his collar to mast on this one and as the matter unfurls before the courts he may well live to regret his stance...
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