In 2015 the Tamar Valley remains a happy and healthy place to live. Free from a polluting pulp mill that Tasmanian politicians wanted so desperately to prop-up their failing budgets. The major parties have been sabotaging our economy for so long that elections are now just competions over who will manage debt.
We published documents that tracked Gunns lies over 10 years and now we have compiled KordaMentha's lies between 2012 and 2015.
This is required reading for anybody impacted by corporate insolvency and the system used by receivers to milk fees from the remaining assets.
The document will be maintained for as long as KordaMentha use the Tamar Valley as a hostage so they can keep the 'rivers of gold' flowing
from Gunns debt owner Anchorage Capital NY.
ABC telelevision led their news with a '5pm Friday before a long weekend' announcment by corporate parasite KordaMentha regarding their exhaustive attempts to sell a corrupt asset on behalf of a foreign entity. This reminds us the many, many failed attempts by Gunns to find finance for this project. It went on for years while the Australian media mindlessly propped-up the corporate criminals at Gunns. Check this out from 2008 and ask yourself 'how much has changed in 7 years'?
It would be hilarious to see some overseas sucker blow their money in Tasmania. 'Give a Bogan a job at only $1000 per week'. Knowing KordaMentha they will be out for as much taxpayers funds as they can get their filthy little hands on.
For Sale. 590 hectares in area with another 32 hectares on the East side of the East Tamar Highway. It's been on the market since 2012. All permit conditions have expired and all State and Federal reports, surveys and modelling are obsolete and will have to be redone. The local politicians are extremely compliant. And desperate. They are hopelessly in debt due to corruption, cronyism and chronic mismanagment of the island state.
They want to sell the site by June 30 THIS YEAR. Good luck suckers.
“Any prospective buyer of the Tamar Valley pulp mill site and permits should be aware that public opposition to the project has not diminished,” TAP President Tim Thorne said today.
“KordaMentha are again offering these assets for sale, but the market has shown zero interest up until now and there is no indication that it will now,” he said.
“It is disappointing that Forico, who looked as if they were promoting a sustainable timber industry, have now said they would sell their plantation timber to a pulp mill in the Tamar Valley. We are confident that no such mill will ever exist, so they had better concentrate on producing higher value, less polluting timber products,” Mr Thorne added, “And if any mill is considering using native forests for pulp, then they’ll have even greater opposition and no customers.”
Tim Thorne President TAP Into a Better Tasmania January 9 2015
Tim Thorne President TAP, TAP Into a Better Tasmania
16.10.14 5:44 pm
The Board of TAP Into a Better Tasmania, elected at the Annual General Meeting on Tuesday 14 October, is planning a more positive focus for the organisation over the coming year.
“We are not just a protest group,” the incoming President, Tim Thorne, said. “While we must keep a watching brief in case there is an attempt to revive the dead Tamar Valley pulp mill proposal, our main focus is on investigating more appropriate possibilities for truly sustainable development.”
The Board believes that there is a need for a non-party political, non-single issue organisation to raise awareness of, and to foster discussion about alternative industrial models suitable for Tasmania in the 21st Century.
“TAP is in an excellent position to be such a group,” Mr Thorne said. “We are looking at activities such as workshops to encourage vibrant, innovative approaches to building a better Tasmania for the next generations.”
and TAP into a better Tasmania
invites you to a very special presentation with
from Finger Lakes Biochar
Tuesday 9th September 2014 7.15pm - 9.00pm
Windsor Community Centre
1 Windsor Drive, Riverside
RSVP: Friday 5th September
tel: 6323-3310 or email:
provided cost: pay what you think it is worth
Left: Abandoned Pulp Mill Site Community Forest Restoration Project by TAP March 2011.
TAP Media Release July 10 2014
TAP Into a Better Tasmania has suggested a use for the Long Reach site where Gunns Ltd had once planned to build a pulp mill.
At its July meeting, TAP declared that the site could be used to build a prison in which to lock up the thousands of Tasmanians who would be prepared to infringe the State Government’s new anti-protest legislation.
TAP’s media spokesperson, Tim Thorne, said, “The Liberal Party’s rhetoric before the last election said, nonsensically, that they would bring in a law against illegal protests, while lawful protests would continue to be allowed.
“The bill rushed through the House of Assembly goes much further than this, providing for powers of arrest without a warrant, and making it possible to interpret anywhere in the state as a ‘workplace’,” Mr Thorne said.
“History has shown that Tasmanians in their thousands have been prepared to do what this bill is trying to prevent. TAP believes that they will do so again where necessary to prevent the destruction of our environment, our rights and our democracy,” he continued. “The Legislative Council should have the common sense to throw this ridiculous, but dangerous, bill out.”
TAP Media Spokesman Tim Thorne.
|The announcement that Gunns Ltd's receivers, KordaMentha, have sold most of the failed company's remaining assets to New Forests for a price reported to be $330 million reveals a telling feature of how big business operates.|
When Gunns went into receivership it owed secured creditors (of whom the ANZ bank was the largest) $635.9 million. Last year Anchorage Capital bought 70 per cent of this debt at a price believed to be between 40 and 45 cents in the dollar, an outlay of approximately $189 million. Seventy per cent of the sale price is $231 million, which would leave Anchorage with a tidy $42 million profit, less whatever fees they paid KordaMentha.
Nobody as yet has secured the pulp mill site or permits. New Forests obviously wasn't interested, despite the unseemly haste with which the State Government and the then Opposition (now the Government) rushed to pass legislation designed (at KordaMentha's request) to enhance the value of those assets. Anchorage Capital might still want to squeeze more profit out of these, but even if they lie idle until the permits run out and the site reverts to bush, $42 million is not a bad profit after six months. It makes John Gay's gain from insider trading look like chickenfeed.
And what exactly did Anchorage do to earn this? They didn't employ a single Tasmanian. They didn't create a single product or provide a single service. The kindest thing to say about them is that they got lucky. Not so lucky were the Tasmanian contractors, small investors and other unsecured creditors who have no hope of ever seeing the $170 million owed to them when Gunns Ltd collapsed.
This whole saga has not been primarily about a pulp mill, nor even about the plantations. It has been about the timber industry being used as a front for the transfer of wealth from ordinary Tasmanians to the coffers of international finance corporations. It has also been about how both major political parties have aided and abetted this transfer. Don't forget that a considerable proportion of Gunns' assets were provided in various ways by the State and Federal Governments. This means that some of your money, as a taxpayer, now belongs to the shareholders of Anchorage Capital.
Yours in the hope that we can do better than this in the future
On January 29, 2014 the Legislative Council ignored TAP's letter (below) and passed the KordaMentha bill that enshrined perverting the course of justice, conflicts of interest and destroying the 'separation of powers' between the state and the legal system.
This is another watershed moment in a corrupt process spanning almost a decade. It doesn't matter how hard they try to pervert justice and ethical values, all they ever end-up with is a vacant lot a Longreach.
Who supported the corrupt bill? Left to Right top. Ruth Forrest, Ivan Dean, Leonie Hiscutt, Greg Hall, Paul Harriss (accepted gifts from Ta Ann), Tania Rattray, Craig Farrell (ex-Dick Adams staffer), Vanessa Goodwin, Adriana Taylor and 'The Flying Dutchman' Teunis (Tony) Mulder. It's not only TAP who has slammed this law. Law lecturer Michael Stokes has called the law is illegal.
Honourable Member of the Legislative Council,
The Membership of TAP into a Better Tasmania respectfully request that you will reject the Pulp Mill Assessment Amendment Act 2014 .
As a non-party political community group, we are opposed to the Act because
It corrupts the proper relationship between the legislative and judicial arms of Government.
It turns the legislature into an instrument of offshore business interests instead of an instrument of the will of the people of Tasmania.
It exposes Tasmania to unforseen and potentially endless litigation at public expense.
We appeal to the Legislative Council to uphold the dignity of the Tasmanian Parliament in the face of this attempt to debase our lawmaking process.
President of TAP into a Better Tasmania
The Launceston Examiner claims Gunns receiver KordaMentha asked Tasmanian Premier Lara Giddings to recall parliament to quash a legal challenge to Gunns pulp mill. This is a blatant attempt to 'pervert the course of justice' in our opinion. KordaMentha nearly always work with PPB Advisory as a 'tag team' specialising in the alleged theft of huge amounts of money owed to unsecured creditors. Now KordaMentha are trying to manipulate Tasmania's parliament and further corrupt the island's legal system. It can be revealed the 'Review Into Hardwood Plantations' chaired by Martin Ferguson was actually a diversion of public funds to assist KordaMentha sell Gunns permit. This is an attempt by KordaMentha to divert yet more public money into the pockets of the bloated bankers they work for. Bankers who make a profit of $4billion a year while many Tasmanians languish on interminable elective surgery waiting lists thanks to inept Premier Giddings and opposition leader Hodgman. TAP spent years warning ASIC that Gunns were trading while insolvent but were ignored. Now ASIC's 'sacred cow' KordaMentha is carrying on where the Gunns board left off. Writing legislation for the Tasmanian Parliament and faxing it to the salivating Hodgman and Giddings.
KORDAMENTHA'S AMMENDMENT TO THE PULP MILL ASSESSMENT ACT SECTION 11 KordaMentha has re-written legislation originally written by Gunns. Download their letter to Lara Giddings here.
Will Hodgman, the Hobart solicitor who has never had a real job in his life, is basing his 2014 quest for premier of Tasmania on a failed project by a failed company. Hodgman's best thinking is using Tasmanians as victims of a small-minded, corrupt plan to pretend Australia is still competitive in manufacturing. Let's hope Hodgman gets pressured by some real political competion in the 2014 election? Tasmania has been the victim of shallow, infantile policy of the kind peddled by Hodgman and his party of vacuuous yes-men for too long.
TAP's Christmas BBQ this year was held at 4pm Saturday December 7 2013 at Punchbowl Reserve Launceston at the BBQ area. The weather was perfect.
TAP WARNS POTENTIAL PERMIT BUYER - EXPECT TROUBLE.
Gunns' receivers KordaMentha have flown in Timo Piilonen from Finland to help them unload the pulp mill concept. Timo spent time at Gunns from early 2010 trying to get the mill off the ground. The Examiner claims KordaMentha will bundle the supposed mill site, the expired permits that include pending litigation, and the plantations and ask for expressions of interst. Gunns' liquidators PPB Advisory are offering the plantations along with the KordaMentha-Gunns assets. TAP was told by KordaMentha in June that Gunns also has a patent for sale. Gunns forest manager Simon Cook from Gunns 233B Charles Street Launceston office initially told TAP the patent was for 'tree breeding' but now denies the patent exists. Piilonen is a director of Finnish pulp mill builder UPM. Kordamentha and UPM are hoping for as much government finance as possible to offset the astronomical Australian construction and labour costs. A cost estimate of building a large pulp mill in the Tamar Valley has now exceeded $4 billion AUD including the Gunns assets. Any buyer will be processing the most expensive tree plantations on earth in the most expensive pulp mill on earth with the worlds highest labour costs. And yet the world paper market is in sharp decline with the advent of ereaders and smart phones?