Politics
What the airport sale means
Gary Jones
In simple terms what the sale meant was, the government transferred $350 million superannuation money that belonged to the employees of the state government to the treasury in exchange for a grossly overpriced airport title. This produced a minimal income that in no way relates to a Return on Investment that equates to the price. If you want to be really frightened go ask where the commission went and how big it was.
John Hawkins
I have been researching the Hobart Airport saga for some time, for this deal has a smell that we now associate with both Lennon and Labor in Tasmania. The Share Sale and Purchase Agreement drawn up by the solicitors Clayton Utz on behalf of the Tasmania Ports Corporation contains many interesting facts. The TPC sold Hobart International Airport Pty Ltd, a company with 7,657,000 shares that counted Honey Bacon as one of its directors, the balance of a lease on the airport not the freehold.
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