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EYE-BALL NovelZone’s Zombie-Leaks – 1982 Documents – September – Part 4

January 8, 2012 Comments off
The-EYE-BALL-JokeZone
EYE-BALL Zombie-Leaks -
1982 Document Uploads – September – Part 4 -.
Updated 9th Jan 2012
Hello – this page forms a part of the Document upload database as a part of the State Bank of NSW – (SBNSW) and NSW Government’s – (NSWG) Corporate RAPE of the State Building Society – (SBS) in 1988.

The Documents linked below were largely obtained under FOI applications and relate to the SBNSW and NSWG efforts to get the entity structure right – both in terms of the Building Society Acts i.e. there were three NSW Acts in play – 1901, 1923, and 1967 – and the mix sought was to allow the SBNSW and NSWG to retain complete control over the Management and Board of the SBS and be able to claim ownership.

The sum total of all these documents go some way to exposing how pressure was bought to bear on the Office of Fair Trading and the Minister, the Registrar, and the Deputy Registrar.Below the table of links – some of the image files have been pasted and commentary is made as to what the Letter means in the overall scheme of the SBNSW and NSWG’s intentions.

Uploaded Documents – 1982 – Part 4:
Date: Link: Information:
08/01/2012: Pre Sep ’82  – PDF

Pre Sep ’82 – Word
(17Mb …)

Sep – ’82 – PDF

Sep – ’82 – Word
(26mb …)

The documents included in this file [Sep '82] – pertain to the final correspondence between SBNSW, Dept Co-Operatives, RIBS and SBS before they all merged.[Please note - the documents included in the Sep-82 files at left are in addition to the Pre-Sep '82 files.]

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Comments:

This internal memo produced on behalf of the Dept Co-Operative Societies and intended for the Minister [Sheahan] – and authored by the Director [Baker initialed on behalf of] – gives an insight into some of the hostility felt by Co-Operatives staff – [refer page 2 parg. 1 - highlighted] – it also gives leave to believe that the SBNSW were pressuring Co-Operatives staff and were allowed to do so with the forbearance of the Minister [Sheahan] under instruction from The Premier – [Wran] – to let the SBNSW have their way in how they wanted the ‘SBS entity’ structured and in avoidance to how all other Building Societies were formed under Legislative Acts – namely the new 1967 Building Society Act.

The observations made in the third parg. of page 2 – that – “the Government would have problems with this new arrangement” … were poetic indeed.

This was the ‘Paul Kearns’ show as Legal Council for the SBNSW – nowhere in all the FOI documents received is there legal opinions from the Crown Solicitors office, nor the Attorney General about the legality of this construct – in fact there was a request from the Co-Operatives Dept that they needed to sight a ‘legal opinion’ that the proposed arrangements did not breach any ‘Trade Practices’ – please see below for this document.

It could be that any Legal opinions sought might be in the Premier’s records, or minister Sheahan’s records – these were not available under FOI – but should become available this year under the 30 year  rule.

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Comments:

This document was from external Solicitors and was a rubber stamp issue required by the Co-Operatives Dept.  It is so surprising that the Co-Operatives went this far – yet sought no opinion from the Solicitor General over the proposed structure of the ‘entity’.  Given how Minister Peacocke did just that in May 1988 – and foiled the merger between the SBNSW and SBS – all over the ‘conflict of interest’ issue – it is easy to suggest that the Minister [Sheahan] – did not bother to get a legal opinion for fear that he would have to disappoint the Premier – the SBNSW Executive [Whitlam] – and their Legal Counsel [Kearns] – for fear that what they were doing would be revealed to be a breach.

This has to bring very high suspicion that all parties knew what they were doing breached so many statues in relation to ‘conflict of interests’, Director and CEO responsibilities, and complete disregard for Building Society members and their rights as members of a Co-Operative Society.   This is a matter for Law, and the term – ‘natural justice’ leaps out like a bear with claws engaged …  someone needs to bring these pillars of society to account – they believe themselves to be above the Law … this was NSW Premier Wran and his Co-Operatives Minister, SBNSW Corporate Directors and SBNSW MD, and attending staff – i.e. Paul Kearns and all the parties who inherited the position through three Premiers … all in on a scheme that ultimately led to the FRAUD and THEFT of some $75 million of value for the retained earnings belonging to SBS members.

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Comments:

In this response to the Dept Co-Operatives, the SBNSW Legal Counsel Paul Kearns tries to set out the reasons for the SBS to be incorporated under the 1901 Act and not the 1967 Act.  Registration under the 1923 Act lent specific privileges that the ’67 Act had tried to overcome.   The comparisons with a ‘bottom of the harbour’ scheme made in the first letter above – page 2, parg. 2 last sentence – which reads -

“…It would be a terrible exaggeration to put the affair in these terms, but with all the to-ings and fro-ings and special arrangements, I can imagine a clever critic comparing the exercise with a ‘bottom of the harbour’ deal…”

… lend and allow the opinion to be formed that the Co-Operatives Registrar and his Deputy – [Horton and Baker] – were of the opinion that this was a ‘shonky’ arrangement from the outset, and that they were acting under direct instructions from the Minister to ‘get the job done’.

The pressure in this situation cannot be imagined – the Premier wants an outcome – who is going to defy him what he wants – his lap-dog Minister [Sheahan] – is forcing his staff to go against the very grain of what their Administrative role purports to be and this can only end badly one would think.

To think that this type of behaviour can be undertaken by elected Leaders without recourse – can only give rise to the belief that there have always been rules and laws for one section of society that don’t apply to everybody else.   These men were acting in a criminal undertaking – their motive was revenge over  the events of 1931 – the value of the heist was $75 million – and time statues on Government crime don’t apply …  What more is needed by the Public Prosecutor to build a case to have these men face their accusers in a court proceeding that has them all facing criminal charges?

Under the FOI application that these documents were obtained – legal opinions sought by the Co-Operatives Department would have been included if they were available – in FOI requests for later periods all legal opinions were included – so it can only be presumed that there were no documents verifying legal opinions sought by the Registrar or Deputy Registrar to confirm and ratify that what was being structured as an ‘entity’ in the form of the SBS was legal.

The illegality of the construct was later proven to be flawed when Minister Peacocke under the Greiner Government,  had everybody running for cover when he opposed the intended SBNSW/SBS merger in May ’88.  His objection to the merger was based on legal opinions sought from the Crown Solicitor’s office, and this was confirmed by the Attorney General when Greiner requested an opinion on Minieter Peacocke’s Amendment Bill to oppose and block the merger.

The underlying reason for Greiner’s humiliating defeat as quoted in these opinions were – ‘conflict of interest’ – the same ‘conflict of interest’ that was put in place under Wran, Sheahan, Whitlam, and Kearns as they all set about their revenge agenda.

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Comments:

This letter has no known author – its addressee is the President of the Permanent Building Societies Assoc Ltd, (PBSA) and makes reference to correspondence that this letter was responding to. What can be made for the content of the response was that the PBSA were objection to the arrangements being engaged in with relation to the formation of the SBS. Not a lot more can be said without knowing what those objections were.  Efforts to track down the originating letter are ongoing.

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This concludes the 1982 Documents being made available on-line via Zombie-Leaks uploads. The next set of documents begin in May of ’88 – and they relate directly to the SBS Board room coup undertaken by John O’Neill. This is where it really gets interesting and the real FRAUD begins.

1983 through to May – ’88 have been skipped and no decision has been made whether to make these documents available.

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Please – if you want to stay in touch with developments – please complete the FORM below.   The FORM submission allows you to register your details and comments if you so wish. Your registration will place you on a mailing list for all future updates relative to document uploads and other matters being pursued in this dispute.   You can unsubscribe from this Mailing list at any time – and just a confirmation reminder that all your details will be kept private and confidential.

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EYE-BALL NovelZone’s Zombie-Leaks – 1982 Documents – Part 3

January 8, 2012 Comments off
The-EYE-BALL-JokeZone
EYE-BALL Zombie-Leaks -
1982 Document Uploads Part 3 – Rule Changes.
Updated 9th Jan 2012
Hello – this page forms a part of the Document upload database as a part of the State Bank of NSW – (SBNSW) and NSW Government’s – (NSWG) Corporate RAPE of the State Building Society – (SBS) in 1988.

The Documents linked below were largely obtained under FOI applications and relate to the SBNSW and NSWG efforts to get the entity structure right – both in terms of the Building Society Acts i.e. there were three NSW Acts in play – 1901, 1923, and 1967 – and the mix sought was to allow the SBNSW and NSWG to retain complete control over the Management and Board of the SBS and be able to claim ownership.

The sum total of all these documents go some way to exposing how pressure was bought to bear on the Office of Fair Trading and the Minister, the Registrar, and the Deputy Registrar.Below the table of links – some of the image files have been pasted and commentary is made as to what the Letter means in the overall scheme of the SBNSW and NSWG’s intentions.

Uploaded Documents – 1982 – Part 3:
Date: Link: Information:
09/01/2012: 1982 Docs-2 – PDF

1982 Docs-2- Word

(17Mb …)
These files include all 1982 files.

The documents included in this file are a mixture of Administrative, Ministerial, Co-Operatives, Permanent Building Societies Assoc, State Bank, SBS Rules amendments, private notes, and State Treasury  files.  Some file have deliberately been left out – you can guess the reasons right … but rest assured they will appear when proceedings dictate.

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Comments:

These Rule alterations and additions represent the ‘chastity-belt’ the SBS members were forced to wear to be in bed with the NSWG and the SBNSW …

Without the original Rules to compare the alterations it is difficult to make comment – that document is still not available … but reading some of these new rules and replacement rules reads like a police state arrangement … hells bells were these guys wound tighter than a than someone waiting on a HIV blood test result.

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More 1982 Documents Part 4 will be uploaded next -

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Please – if you want to stay in touch with developments – please complete the FORM below.   The FORM submission allows you to register your details and comments if you so wish. Your registration will place you on a mailing list for all future updates relative to document uploads and other matters being pursued in this dispute.   You can unsubscribe from this Mailing list at any time – and just a confirmation reminder that all your details will be kept private and confidential.

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EYE-BALL NovelZone’s Zombie-Leaks – 1982 Documents – Part 2

January 8, 2012 Comments off
The-EYE-BALL-JokeZone
EYE-BALL Zombie-Leaks -
1982 Document Uploads Part 2.
Updated 9th Jan 2012
Hello – this page forms a part of the Document upload database as a part of the State Bank of NSW – (SBNSW) and NSW Government’s – (NSWG) Corporate RAPE of the State Building Society – (SBS) in 1988.

The Documents linked below were largely obtained under FOI applications and relate to the SBNSW and NSWG efforts to get the entity structure right – both in terms of the Building Society Acts i.e. there were three NSW Acts in play – 1901, 1923, and 1967 – and the mix sought was to allow the SBNSW and NSWG to retain complete control over the Management and Board of the SBS and be able to claim ownership.

These documents go some way to exposing how pressure was bought to bear on the Office of Fair Trading and the Minister, the Registrar, and the Deputy Registrar.Below the table of links – some of the image files have been pasted and commentary is made as to what the Letter means in the overall scheme of the SBNSW and NSWG’s intentions.

Uploaded Documents – 1982 – Part 2:
Date: Link: Information:
06/01/2012: 1982 Docs – PDF

1982 Docs – Word

(17Mb …)
These files include all 1982 files.

The documents included in this file are a mixture of Administrative, Ministerial, Co-Operatives, Permanent Building Societies Assoc, State Bank, SBS Rules amendments, private notes, and State Treasury  files.Some file have deliberately been left out – you can guess the reasons right … but rest assured they will appear when proceedings dictate.

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This Document as can be seen is marked – “NOT FOR PUBLICATION” – it is also un-dated …

Comments:

More incrimination that the intent was always to circumvent the Clause 17 in the 1931 Amalgamation Agreement – [1931 Agreement] – The summary of the document has overtones all through it – they wanted a Building Society which they could control and claim ownership if the matter went to Court for breach of the 1931 Agreement.

The candid manner in which the shareholders of the Tamworth Building and Investment Society – TBIS and now Rural Building and Investment Society – RBIS – and being spoken about and how the plan was to deflate their share value to force a sale indicates a collusive and insider trading scam in which the SBNSW and NSWG were going to swoop and purchase the shares when they fell.  In the context of commercial transactions – this is a reasonable strategy – but when the members funds of some $120 million are the prize, and the commercially component is about taking over the whole of the shareholders funds without reference to the member shareholders for a vote – something stinks – and this is being conceived by an agency of the NSWG – surely the Co-Operatives had some concerns about the Members and how they were being spun as if in a washing machine with all these transfer of engagements, Business name changes and reversal back again …

The end game was to get all the members funds into the RBIS because it was Incorporated under the 1910 Act – which facilitated ownership of the Society outside the general membership shareholdings – all done with smoke and mirrors and Co-Operatives staff being pressured to comply because it was what the Premier wanted – under advisement from the Minister for Co-Operatives and Minister Assisting the Premier – who in turn was being advised by the Legal Counsel for the SBNSW – who was pushing the for a stoush with the CSB over the 1931 Agreement … the depth of the structure of events was multi level and unless you could see all the pieces – everyone else was wheeling and dealing with eye-patches covering all the blind-spots.

Just look at the above Internal Memo for what it says and represents and you will get a picture, if it looks like a dog shit, smells like a dog shit, and sticks to your shoe like dog shit – then it’s a good bet it is dog shit … the poor Co-Operatives staff below Minister level never knew which way the wind was blowing … or if they did – then they were in on the scam as well …

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Comments:

Mr Whitlam again enters the fray – at this point his lap-dog was Mr John O’Neill serving as some coffee boy for Mr Whitlam.  He latter became the Company Secretary and from their onto replace Mr Whitlam.  O’Neill was exposed to all the ins and outs of the game-plan as relates to the SBS and its formation – hell … he had his hands all over it like a good retriever doing his masters bidding. He is what one would call in a Banking environment – an ass-licker which everyone has to do to get promoted – and John O’Neill was licking the big boss’ ass and in the end it got him the gig he so wanted …

This letter confirms that the 50% profits the CSB had to hand over to the NSWG and SBNSW every year was important – and Mr Whitlam did not want to jeopardise that cash flow …

His comment that the – “RIBS will become the State Bank in due course…” suggests some confidence that they already had a good shot at overturning the 1931 Agreement – 5-10 year plans were being made on the back of the SBS and where it was to fit in with the SBNSW growth estimates.

What is yet to be revealed is just how the SBNSW got so cocky about how they were going to win the court battle with the CSB.  Clause 17 was quite clear and as the Judgement largely point out that Savings Bank or Building Society – the decision by the Court came down to other contributing interpretations – I’ve read the decision a few times and am still to fully understand the point of Law used in determining the decision – the advice that some SBNSW witness’s gave perjured  evidence made me ponder what good it did in the end … the Judge largely dismissed all the witness testimony and went to his ‘limbs’ as contained in Clause 17.

Somehow the SBNSW must have know this was the point of Law that was going to win them the rescinding of the 1931 agreement.   To be truthful – having researched so much of the events that happened in 1930-31 and on to 1935 when Jack Lang was booted from the ALP – I think the NSWG and the SBNSW or Government Savings Bank of NSW as it was then known got a raw deal.

But in the end they did the the SBS members what the CSB did to the NSWG back in 1931 – two wrongs don’t make a right – now it is time for the SBNSW and the NSWG to face the music over their crimes …

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Comments:

This is just a little rubber stamping and approval to allow the ENTITY structure to move a little closer to being completed.  It does give some idea how far Minister Sheahan’s nose was up Premier Wran’s butt …

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Comments:

Now this is a very interesting document … the handwriting is difficult to read – but when you get down to the bottom of the first page . you will read a little paragraph that reads as -

“Special Resolution:

A spec. resolution providing “That each Director who voluntarily resigns from the Board consequent upon the registration of the alternative to the rules set forth in the motions 1(a), (b) and (c) above, will receive compensation in addition to any entitlement under the rules in an amount equivalent to twice the current yearly Directors fee” … continues …

Well that is pretty plain – lets do a deal – we’ll pay you 200% of your usual fee – all we want is for you to resign and give us complete control … what type of Directors were these people to be bought so cheaply given what was at stake – a $375 million Building Society with a State Government guarantee – special stamp duty concessions – the Premier’s favour – hell they could have held out or more if they were seriously aware of what was happening …

Then there is the question – what allegiance did these Directors pay to the members of the Society … come-on – this was a steamroll and anybody in the way was bought off or told to lie down … this was the NSW Government … and some seriously connected senior Australian Labour Party people … the research has some hooks into Paul Keating as someone who was a big Jack Lang fan and a member of the NSW Labour right – he became Federal Treasurer in the Hawke Government in March ’83 – and just what role if any did he have in the formation of this policy?

I liked Keating as Treasurer – but this part of the research is not going to go there yet … for the moment Wran, Sheahan, Greiner, O’Neill, Kearns, are definitely in the witness box – and the grilling will be like peeling potatoes – the potatoes will have cuts and spike holes all over it by the time it is finished.

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Comments:

Another rubber stamp job – and after this it was done … the TBIS became the RBIS – the RSL-MPBS was merged and they all became the SBS … the combined assets after the merger was $375.9 million – and the SBNSW owned $3.050 million of fixed-capital.  This came from a $3 million windfall profit from the sale of a building in Pitt St., Sydney converted at 600,000 shares at $5 par value.  The other 9418 shares, 5005 shares were already owned by the SBNSW, and the remaining 4,810 shares were purchased at $300 a share against a $5 par value – costing $1.4 million – these were the hold outs that were original TBIS venture capital investors.

The NSWG and SBNSW now had their ‘pawn’ in the game – the most revealing observation is both the NSWG and SBNSW had no conscious over how they were trampling all over the concept of the Co-Operative movement – their sole goal was the fight with the CSB out of revenge motives – none within the Government had a goddamn care this all ended – they were all focused on the immediate goal and the new SBS members were being taken for a ride and they had no idea how much this ride was going to cost them.

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More 1982 Documents Part 3 will be uploaded next – These are interesting – Proposed Rule changes to the SBS Constitution …

Back to EYE-BALL NovelZone Zombie-Leaks home page

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Please – if you want to stay in touch with developments – please complete the FORM below.   The FORM submission allows you to register your details and comments if you so wish. Your registration will place you on a mailing list for all future updates relative to document uploads and other matters being pursued in this dispute.   You can unsubscribe from this Mailing list at any time – and just a confirmation reminder that all your details will be kept private and confidential.

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EYE-BALL NovelZone’s Zombie-Leaks – 1982 Documents – Part 1

January 5, 2012 Comments off
The-EYE-BALL-JokeZone
EYE-BALL Zombie-Leaks -
1982 Document Uploads Part 1.
Updated 6th Jan 2012
Hello – this page forms a part of the Document upload database as a part of the State Bank of NSW – (SBNSW) and NSW Government’s – (NSWG) Corporate RAPE of the State Building Society – (SBS) in 1988.

The Documents linked below were obtained under FOI applications and relate to the SBNSW and NSWG efforts to get the entity structure right both in terms of the Building Society Acts i.e. there were three NSW Acts in play – 1901, 1923, and 1967 – the mix sought was to allow the SBNSW and NSWG to retain complete control over the Management and Board of the SBS.   These documents go some way to exposing how pressure was bought to bare on the Office of Fair Trading and the Minister, the Registrar, and Deputy Registrar.

Below the table of links – some of the image files have been pasted and commentary is made as to what the Letter means in the overall scheme of the SBNSW and NSWG’s intentions.

Uploaded Documents – 1982 – Part 1:
Date: Link: Information:
06/01/2012: 1982 Docs – PDF

1982 Docs – Word

(17Mb …)
These files include all 1982 files.

The documents included in this file are a mixture of Administrative, Ministerial, Co-Operatives, Permanent Building Societies Assoc, State Bank, SBS Rules amendments, private notes, and State Treasury  files.

Some files have deliberately been left out – you can guess the reasons right … but rest assured they will appear when proceedings dictate.

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First image posted from the 1982 stack is a letter from The Minister Mr Sheahan to the MD of the SBNSW – Mr Nick Whitlam.

Comments:

Almost six years to the day after this letter was written – Nick Greiner won the NSW Election in a minority Government.  Six weeks after that the whole Co-Operative industry was in uproar over the planed end-game merger between the SBNSW and the SBS.   The new Minister Mr Gerry Peacocke saw the merger as a result of the ‘conflict of interest’ that existed with the SBS Board being controlled by the SBNSW appointed Directors.

Now I would fathom at a guess that these men serving the NSW Government in 1982 were clever – they obviously weren’t stupid – but given that Minister Peacocke’s 1988 Amendment Bill as a result of the planned merger – did cause the SBNSW and NSWG to abandoned the merger and pursue a sale option – there has to be some argument that the SBS ‘entity’ was a flawed structure all along.

What is obvious in the different era’s is that in 1982 – the court battle with the CSB was in its infancy – and in 1988 the SBNSW and NSWG had won and been compensated to the tune of $330 million.  The merger of the SBS with SBNSW as their Savings Bank as the end-game solution was always going to be the final slap in the face to the CSB.

But at the first hurdle of resistance over the merger in May 1988 – and offered by someone whose integrity demanded that he stand up for the SBS members – Minister Peacocke bought down the merger plan within days of the announcement by John O’Neill as the new CEO of the SBNSW and having replaced Nick Whitlam some eight months earlier.  The new Premier Greiner joined in on the merger talk and conducted several media interviews lending his support to the merger.  [See linked Media uploads for more information.]

One has to ask how did this ‘ENTITY’ structure pass all the checks and balances in 1981-82?

Given the Legal Opinions delivered by the State Crown Solicitor’s Office, The Attorney General, Independent lawyers – Mallesons Stephen Jaques – (MSJ), during May 1988 in confrontation to the merger agenda – how could they be so right in Law and force the SBNSW and Premier Greiner to back down – when all that transpired in 1981-82 had to go through the same offices – [i.e. except MSJ].

The Solicitor most responsible for all the legislative process in 1981-82 was the SBNSW Legal Counsel –  Paul Kearns.  It was his consult that was responsible for all the internal opinions supporting the SBS’s structure and formation.  It could be said that the NSWG was ‘hoodwinked’ into believing there was no ‘conflict of interest’ and willingly so because the motive in overturning the 1931 Agreement was just too tempting.  Paul Kearns also sat as second chair all during the 5 year court battle with the CSB – so his involvement was as ‘dirty-handed’ as it gets.

This whole saga began as a ‘pay-back’ opportunity over events that happened back in 1931 – and ended up as ‘scrambled eggs’ on a floor with nobody in the Greiner Government wanting to stand up for the SBS members and staff at the final hurdle.   Minister Peacocke’s posturing’s in May ’88 were nowhere to be seen by Aug ’88 when the sale to St George went through.

In the end the SBNSW and NSWG striped the value of the SBS reserves – some $60 million plus the added goodwill value from the SBS members when they sold their $3.050 million of fixed-capital to St George for $75 million.  Right up to the end – the SBNSW appointed Directors to the SBS Board were acting in and from a ‘conflict of interest’ position – yet nobody intervened on behalf of the SBS Members and Staff … this is the FRAUD and Corporate RAPE that John O’Neill and Nick Greiner are most responsible for.

In the letter from Minister Sheahan above – he was also serving as ‘Minister Serving the Premier’ – within that arrangement it became Minister Sheahan’s role to get done what the Premier wanted done.  This whole matter sits fairly and squarely at the office of The NSW Premier and his associates and agents in crime – through three NSW Premiers …

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Comments:

This is more pandering and glossing over of the real issues that were overlooked – Minister Sheahan had to have been getting legal advice from the Crown Solicitor’s office – those documents are conveniently absent from the FOI – there is no assertion that documents were not forwarded under the FOI – they were never there in the first place.   Apart from the obvious – the above document is of little importance …

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Comments:

Mr Whitlam gets his hands dirty in this little exchange … he is writing to the Registrar of Permanent Building Societies – he kept it impersonal and did not name the Registrar – but at this stage it was still Mr Horton.   This letter can be likened to a ‘bushranger’ having corralled all the ‘booty’ and was now telling the Law what the rules were to resolve the ‘heist’.

Given Mr Whitlam’s run in with the NRMA Board and his narrow escape – there is evidence of a pattern in how Mr Whitlam does business … wink-wink … can’t say too much … I like the Whitlam family and think Gough got a raw deal …  but as ‘heist’s’ go this was a masterpiece in planning and up until it faltered with the merger agenda some 6 years later – it still ended up with a $75 million heist result – and to this day nobody has given a rats-ass.

To any observer this is an example where crime does pay – particularly when you’re the Premier of a State Government and you have people around you who are loyal to a cause – anybody with half a brain knew the ‘conflict of interest’ was always there – even Mr Whitlam.

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Comments:

The first paragraph of page 2 gives further evidence that the SBS was to be structured so that it was believed owned by the NSWG and controlled by its agents the SBNSW.  This is ego and malice all thrown in together – the almost $400 million of members funds in the merged RBIS and RSL-MPBS are not even thought of  as shareholders.  The SBNSW and NSWG were swaggering around thinking that their $3.050 million of fixed-capital gave them rights over and above ‘natural-justice’, and against every principal pertaining the to Co-Operatives Industry – this was hubris in the extreme and poor little Johnny O’Neill got his face smeared all over it for a while.

But in the end he pulled a rabbit out of a hat with Premier Greiner’s help and they still got to laugh all the way to the Bank.  Well the wheel has turned and it is now time for those ‘crooks’ to be rounded up and put before their peers to allow judgement for their past deeds.  One could hope for Kama – but that might be a hit or miss happenstance  – for the SBS members and staff – public exposure and a nice big fat settlement would better suit those who were robbed.

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More 1982 Documents Part 2 will be uploaded next -

Back to EYE-BALL NovelZone Zombie-Leaks home page

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Please – if you want to stay in touch with developments – please complete the FORM below.   The FORM submission allows you to register your details and comments if you so wish. Your registration will place you on a mailing list for all future updates relative to document uploads and other matters being pursued in this dispute.   You can unsubscribe from this Mailing list at any time – and just a confirmation reminder that all your details will be kept private and confidential.

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EYE-BALL NovelZone’s Zombie-Leaks – 1981 Documents

January 5, 2012 Comments off
The-EYE-BALL-JokeZone
EYE-BALL Zombie-Leaks -
1981 Document Uploads.
Updated 5th Jan 2012
Hello – this page forms a part of the Document upload database as a part of the State Bank of NSW – (SBNSW) and NSW Government’s – (NSWG) Corporate RAPE of the State Building Society – (SBS) in 1988.

The Documents linked below were obtained under FOI applications and relate to the SBNSW and NSWG efforts to get the entity structure right both in terms of the Building Society Acts i.e. there were three NSW Acts in play – 1901, 1923, and 1967 – the mix sought was to allow the SBNSW and NSWG to retain complete control over the Management and Board of the SBS.   These documents go some way to exposing how pressure was bought to bare on the Office of Fair Trading and the Minister, the Registrar, and Deputy Registrar.

Below the table of links – some of the image files have been pasted and commentary is made as to what the Letter means in the overall scheme of the SBNSW and NSWG’s intentions.

Uploaded Documents – 1981:
Date: Link: Information:
05/01/2012: 1981 Docs – PDF

1981 Docs – Word

The documents included in this file are all Administrative files but do include a selection of files that highlight the pressure the Office of Fair Trading – or Co-Operatives as it was known in 1981 – was exposed to by the SBNSW and NSWG in forming the SBS.

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First image of the rack is a declaration by the Deputy Registrar – Ron Baker dated 31 July 1981.

Comments:

This note in the FOI documents went unnoticed for some time – but a refresh look and closer inspection ignited suspicion – attempts to find ore documents surrounding this note are ongoing but the researcher is told that it is unlikely that further connective documents will be found.

In essence the words included in this declaration -

“Notwithstanding that the consents in writing of the holders of two-thirds of the whole number of the shares of each of the societies hereunder have not been sought …”

This would suggest that the Deputy Registrar was under instruction to approve the ‘transfer of engagements’ even though all the Legislative process’ had not been met.  This is just another of the unanswered questions in how the Government of the day – the Ministers and back benches collectively could allow an ‘entity’ to be formed when defying all the Administrative urgings to the contrary.

The Premier wanted it done and just what was his motivation and who was pulling his chains?

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Comments:

This is a copy of a memo under the heading – ‘Government Objectives and Undertakings’ and covers comments relating to the formation of a Society and the Legislative requirements needed. In the fourth paragraph of the yellow highlighted section – there is clear evidence that the proposed Building Society was targeted as being the ‘Savings Bank’ arm of the SBNSW. It also confirms that in pursuing this ‘entity’ that the 1931 Amalgamation Agreement – (1931 Agreement) – might be called to account. The Bank officer refered to at the State BAnk is Mr Paul Kearns – head of the State Banks Legal Department. Mr Kearns hands are all over this formation strategy and he was largely responsible for the SBNSW winning the Court case against the Commonwealth Savings Bank.

There is no doubt that the aim if the formation of the SBS as an ‘ENTITY’ was with the intent to bring about a legal challenge to the 1931 Agreement.

The Green highlighted section gives insight to the motivation of the NSWG and the SBNSW – they were preparing to amend Llegislation to allow for the SBS to be formed. There is much history in how this whole idea became a live agenda. That history is still being researched and all that can be said at the moments that sources close to Premier Wran have indicated that the Jack Lang influence and how the Government Savings Bank was forced into the 1931 Agreement back in 1931 had a lot to do with the motive.

Men’s ego’s and the carnage they can engineer.

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Comments:

This note is an extract from Hansard records – it gives the Minister for Housing, Minister for Co-Operative Societies, and Minister Assisting the Premier – Mr Sheahan – views on how the SBS will be structured.

What is of note is that the Minister claims that the SBS will be separate from the Rural Building and Investment Society (RBIS) previously known as the Tamworth Building and Investment Society – (TBIS) – yet only nine months later the SBS was merged with the RBIS and then the name was changed to the State Building Society. It was a switcheroo purely to get the SBS structured under a Legislative structure where the SBNSW and NSWG retained all the fixed-capital – and then had the rules changed to allow the NSWG and the SBNSW to control the SBS via 4 of the 8 SBS Board numbers with the Chairman also to be appointed by the SBNSW.

This ‘ENTITY’ was structured in such a way that it circumvented the 1967 Building Societies Act, it required specific Legislation to be enacted to allow it to be stry=uctured the way it was – and in doing so – the aim was to make it the ‘Savings Bank’ arm when the 1931 Agreement was overturned. One could easily say a premeditated action given that the court battle with the CSB had not even started as yet – someone knew something about how the court case was going to go …

Are you all confused yet – sorry my fault – as stated earlier this is a complex story and its framework and sub-plots would render its understanding to those who only have a committed interest. Hope you can stay with the roll-out – it gets better – or more involved depending on how you like it.

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Comments:

In reality – the Premier was wanting to set up a Building Society that was owned and operated by the NSWG under its existing agent – the SBNSW.  All the posturing to amend the legislation and merge, and transfer engagements back and forward, was all a strategy to allow the SBNSW and NSWG to keep the SBS under lock and key whilst they did battle in the courts with the CSB over the 1931 Agreement.

The idea was clever in that they wanted the fight.  The problem was that under Building Society Legislation – the NSWG and the SBNSW were not able to have the appearance of ownership – hence the ‘skullduggery’ employed to structure the ‘ENTITY’ with a flawed Constitution and Rules that formed a natural ‘conflict of interest’ to any long-term ownership issues.  At the time it appears that everybody in Government and other vested parties were being asked to turn a blind eye.

At no stage in these formation years is there any talk of ‘members entitlements’, or how the members will benefit from the SBS being formed other than a generalisation atached to an election promise to try and make housing cheaper.

This can only lead to a conclusion that the main game was the battle with the CSB over the 1931 Agreement.  The trail of evidence to support this is massive – they never even tried to cover their tracks – this was as premeditated an event to collude, to defraud, and to outright ignore the Law and obvious ‘conflict of interest’ warnings as could be put together.

The above letter from the Minister Mr Sheahan – gives some idea that he wanted his department out of the loop – he was trying to pass it on to Treasury – and as further documents in 1982 will show – Treasury did not want anything to do with it either.  In fact there is a letter from the Co-operatives Department that tee’s off at the SBNSW over their manhandling of Departmental staff.

It is noted that the Registrar David Horton left his position shortly after the SBS had been formed in late 1982.  One wonders what precipitated that exit – guilt or another involvement that required he leave his position.  Mr Horton has not been contacted as part of this research – efforts have been made but he is still to be found.

Mr Baker was found – he was the Deputy Registrar under Mr Horton and became the Registrar after Mr Horton left – his contact details came from a third-party and when he spoke to the researcher and was made aware of what the enquiry was about – some interesting things came forth – notes from that conversation appear below:

16th Mar 2010:  Spoke to Mr Baker… at the outset he indicated even after reading the letter to O’Neill [9th May 1988] … he has no recollection of ever writing the letter … he said it was his signature but recalled nothing about what prompted him to write the letter … he said that after the new Government [Greiner], he was shifted to the city from Parramatta to head up a new Dept that was an amalgamation of three other Dept’s that included the Dept Of Co-Operatives … he was still Registrar but indicated that he was only contacted on Co-Operative matters when he was required …

He vaguely remembers the sale to St George but after he read his letter he alluded that he thought its comments only related to the merger and not any future sale …

He mentioned that he really has no interest in any story … When asked further if he wanted to be kept informed he was indifferent … did not want to be rude and say no … but his life has moved on and all this is behind him….

16th Mar 2010:  Mr Baker rang back and requested a number of things:

Upon reflection and after he was offered an alias to keep his name out of the story, he wanted to accept that offer … his claim was that because the story was going to be critical of some parties, he did not want to be quoted or have his name used … He then indicated that he did not want any further contact … he said that I had to do what I had to do … but requested that I think about not using anything that refers to him in the story …

Summary:

A very strange call … he said that he had not spoken to anybody since he had spoke with me earlier … I asked the question about that … he sounded like he wanted to keep himself hidden because he feared what might happen if he was seen to be assisting in the research investigation …  That suggests that his promotion to a higher position under Greiner before the sale to St George went through … may have been linked in some way … there was no Government or Co-Operative intervention on any level after O’Neill resigned as Chairman in July 1988 …

There is no evidence of anything untoward – but that would be the case in anybody wanting to cover their tracks … what is not explained is the Unsigned Peacocke letter dated 25th Aug ’88 and three days after the sale to St George went through. Mr Baker would have been involved in that up to his eye-balls. Him nor wanting to speak was another red-flag … every other witness has been prepared to cooperate – Mr Baker’s position only inflames opinions as to how this hold sage played out.

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1982 Documents will ne uploaded next – there are 10 times the documents as compared with 1981 – 1982 documents will be a progressive upload process.

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Please – if you want to stay in touch with developments – please complete the FORM below.   The FORM submission allows you to register your details and comments if you so wish. Your registration will place you on a mailing list for all future updates relative to document uploads and other matters being pursued in this dispute.   You can unsubscribe from this Mailing list at any time – and just a confirmation reminder that all your details will be kept private and confidential.

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EYE-BALL NovelZone’s Zombie-Leaks – Greiner/Peacocke letter exchange Aug ’88.

January 4, 2012 Comments off
The-EYE-BALL-JokeZone
EYE-BALL Zombie-Leaks -
Greiner/Peacocke letter exchange Aug ’88.
Updated 4th Jan 2012
Hello – this page forms a part of the Document upload database as a part of the State Bank of NSW and NSW Government’s Corporate RAPE of the State Building Society – (SBS).

The following Images relate to the SBS sale to St George and the new for Minister Peacocke to give his approval for the sale to go through without the Takeover Review Committee – TRC – becoming involved.

The members vote for the SBS sale was set down for 22nd Aug 1988 – to take place immediately after the 113th AGM meeting scheduled to start at 10:00am to be held at the YWCA Centre in Wentworth St – Sydney.

What is very interesting is that Premier Greiner’s letter to the Minister for the Office of Fair Trading – who’s approval/consent was needed before any sale could proceed was dated 5th Aug 1988 and not recorded as having been received until the 9th Aug ’88.  See Greiner’s letter below:

This letter was an oversight and a last minute effort to ‘plug’ a hole in the overall agenda. Greiner’s posturing throughout the letter and his reference back to the Macquarie Bank Report reveals his desperation.  the Macquarie Bank report was a ‘paid-for’ document that slotted with the SBNSW agenda to merge the SBS – it had nothing to do with the SBS members and the Co-Operative wants of those members.  The Macquarie Bank report will be uploaded in due course as will the SBS GM response and Minister Peacocke’s response.

How can closing down the 2nd largest building Society in NSW and merging it with the biggest Building Society by a factor of more than two – be good for the NSW Building Society industry?

St George was more than twice the size of the SBS – there had been a number of smaller Building Societies swallowed up in the previous 8 or so years including two by the SBS.  Greiner was reaching and the desperation was evident.

The Illawarra Mutual Permanent Building Society – IMPBS – offer was a genuine bid of $5 million for the $3.05 million of SBNSW owned fixed-capital shares.  It was an offer that would have created a Building Society that would have been very competitive with St George.  At the time the IMPBS had assets of $650 million – 35% of the size of the SBS.   Greiner wrote to Mr Jack the IMPBS GM knocking down the offer with words like -

“A range of options regarding the future of the State Building Society is currently under consideration, including the recommendations of the Independent team of experts from Macquarie Bank. … continues”

These is much more on the so called Macquarie Bank report later in the document upload process. – including report response comments from Minister Peacocke and the SBS GM – Denis Cleary – this stuff also makes the NSWG look like ‘Spin City’ – or ‘Keystone Cops’ saga’s and is so embarrassing.

Greiner’s comments in his letter to Peacocke were an outright mislead – in a court it would be proved to be a lie under cross examination – and that there is the ball-game.  As for Minister Peacocke’s real position – only his Ministerial papers will reveal the truth.  ANd if they have not already been destroyed – then the comments hereto will send rats all over the place looking for them.

According to Peacocke’s response letter below – mindful of the fact that we don’t even know if Minister Peacocke authored the letter – this was unsigned, not stamped as received, and most importantly was not on Ministerial Letterhead as all Minister Peacocke’s previous correspondence in this matter was.

From this Peacocke response we are led to believe that the Minister reversed his position within a 2-3 month period on a matter that he had generated an ‘Amendment Bill’ to stop the SBNSW from merging with the SBS – this was highly unlikely.

In a conversation with Mr Peacocke during the course of this investigation – his recall of events was not all that clear – he refered the researcher to his Ministerial records – yet access to those were denied by the Premier and Cabinet Department – frustrating I know.

Now to the interesting part about Minister Peacocke’s letter – please note the date on Peacocke’s response – [see below - File No: 88/08-25] – this is against the members vote on the sale scheduled for 22nd Aug ’88.   Yes that’s right – Peacocke’s apparent approval was not officially given until the 25th Aug ’88 – some three days after the sale went ahead.   This just thickens the plot …

Now you tell me how that could have happened … and why no Government Legal officer stood up for the SBS members when all knew what was afoot … the truth be known – the Peacocke letter is most likely a forgery to rubber stamp an oversight – or to avoid the TRC review – that then raises the question why did Peacocke not intervene – and the plot thickens …

See Minister Peacocke’s Letter below:

As can be confirmed when looking at the copy above – there is no ‘Received Stamp’ to indicate when it was received – nor is it signed – nor on Ministerial Letterhead – for all that is known and how the SBNSW and NSWG acted all through the May-Aug ’88 period – this response letter offers no authorisation for any sale to proceed – and that would have made the sale of SBS to St George illegal – and to cover this up puts responsibility fairly at the door of Premier Greiner.  The research over the last three years has uncovered holes like this all through the events that led to the disposal of the SBS.

The SBS was a $1.5 billion Building Society – employed 600+ staff and had in excess of 250,000 members.  It had branches all over NSW – the last year of operations they made a $25 million profit – and made the SBNSW profit result pale in comparison.  It was even competitive against St George’s profit result even though they were more than twice as large.

These two documents alone confirm the conspiracy to commit a FRAUD – they implicate the Premier of NSW – and the SBNSW Executive who were still in control of the SBS Board and who negotiated the sale to St George as early as two-three months prior.

More tomorrow … and the next and the next …

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Please – if you want to stay in touch with developments – please complete the FORM below.   The FORM submission allows you to register your details and comments if you so wish. Your registration will place you on a mailing list for all future updates relative to document uploads and other matters being pursued in this dispute.   You can unsubscribe from this Mailing list at any time – and just a confirmation reminder that all your details will be kept private and confidential.

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EYE-BALL NovelZone’s Zombie-Leaks – Newspaper Cipping Uploads

January 4, 2012 Comments off
The-EYE-BALL-JokeZone
EYE-BALL Zombie-Leaks -
Newspaper Clipping Uploads.
Updated 5th Jan 2012
Hello – this page forms a part of the Document upload database as a part of the State Bank of NSW and NSW Government’s Corporate RAPEof the State Building Society – (SBS).

These Newspaper clippings are reproduced as copies made for archival searches from the respective Media Publications.

Uploaded Newspaper Stories:
Date: Link: Information:
03/01/2012: AFR Australian Financial Review stories – Aug ’87 – Aug ’88 – in PDF format and imaged individually …
03/01/2012: SMH Sydney Morning Herald stories – Dec ’86 – Mar ’95 – in PDF format and imaged individually with Indexed links and return links for easy navigation …
03/01/2012: SBNSW Debts: Stories relating to SBNSW Bad Debts from various publications – in PDF format and imaged individually …
These newspaper articles come from many angles – pro SBNSW and pro SBS – they make for interesting reading to gather knowledge on how O’Neill and Greiner played their game via the media and how the SBS and OFT Minister played their defence strategy. No journalist really got to the root of the story and that gives credit to how O’Neill and Greiner played their hand.

Many knew something was afoot but largely they hedged around the story. Both sides leaked information to further their cause – but the SBNSW and NSWG were better and the Media outlets gave them a better run.

After the dismissal of the SBS Chairman Ken Dennewald and its GM – Denis Cleary and the immediate outrage it caused died down – the story pretty much died despite efforts to keep it alive and this allowed the SBNSW to do pretty much what they wanted to do.

The ‘conflict of interest’ story was always there and the fact that Greiner and O’Neill played good defensive bats to probing questions does not lessen their culpability any – it only widens the scope to whether some of the stories were plants and done so as to aid what took place.

Greiner’s comments in the media over the Illawarra Mutual Permanent Building Society – IMPBS – is one such kite-flying exercise to put the media off the scent. Some of these media stories will be further highlighted individually in future commentary – there is much in these stories to get a full understanding of how the FRAUD happened. Hope you enjoy the history …

Back to EYE-BALL NovelZone Zombie-Leaks home page

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Please – if you want to stay in touch with developments – please complete the FORM below.   The FORM submission allows you to register your details and comments if you so wish. Your registration will place you on a mailing list for all future updates relative to document uploads and other matters being pursued in this dispute.   You can unsubscribe from this Mailing list at any time – and just a confirmation reminder that all your details will be kept private and confidential.

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EYE-BALL NovelZone’s Zombie-Leaks – SBS Registration

January 4, 2012 Comments off
The-EYE-BALL-JokeZone
EYE-BALL Zombie-Leaks – SBS Registration.
Updated 4th Jan 2012
Hello – this is a new site – early 2012 – and this page allows for former State Building Society – (SBS) – Members and Staff to register their interest in an ongoing recovery process targeted at the NSW Government – (NSWG) –  and former employees of their agents – the  State Bank of NSW – (SBNSW).

Records show there were more than 250,000 account holders and members of the SBS and staff numbering more than 600 at the time the SBS was sold to St George Building Society – (SGBS).  To reconnect with as many of these members and staff after such a long interval is a substantial undertaking and will not succeed without assistance.

If you can help – please take the time to try and remember any work associates and members who held SBS accounts.  The list currently sits at around 50 former SBS members and staff.    If you were a member of the SBS or a staff member – and want to register your interest please fill out the form below.  Your details will remain confidential and will only be used to keep you updated with developments in this further discovery period.

If you have any information that could be helpful – i.e. names and contact information of other known members and staff – can you please try to get in touch with them and let them know about this registration process.   If you want to stay updated to the progress of this matter – you can also subscribe to the RSS and E-Mail links provided at right and top of this page.

This has been a 24 year wait for justice thus far – the process began three years ago and much has been discovered through extensive research.  It still has a long way to go and the efforts to date to expose the FRAUD and the evidence gathered in the public arena has had mixed results.   A number of former SBNSW and NSWG staff have been contacted and their rebuttals were expected.  One SBNSW employee with Legal background indicated they were prepared to yield the whole story from the SBNSW position – yet when things heated up a little they backed down and broke off all communication.  This person is in a position to reveal all.

Another former SBNSW employee has provided crucial evidence and O’Neill will never recover from its contents and incriminations.  Because of the length of time that has elapsed – it becomes essential that the NSWG has to be proven to be involved in the FRAUD.  That Ministers and staff knew what was happening and made the conscious decision to turn a blind eye – or help perpetrate the FRAUD that saw the SBS reserves and goodwill value end up in the SBNSW coffers.  This happened despite all the Crown and outside Legal advice advising that the SBNSW was acting from a ‘conflict of interest’ position.  Ministerial posturing aside – what did happen – should never have been allowed to happen.

This was a planned and strategised agenda with its origins beginning shortly after Premier Neville Wran took office in 1976.  It took six years to get the principal agenda into Court – that being to rescind the 1931 Amalgamation Agreement – then another three years of court hearings and a further two years of appeals before they finally had the 1931 Amalgamation Agreement rescinded.

This then left the clean-up and that was thought to be the easiest of all the hurdles they faced when this first started.  Yet – on this matter they fell at the first hurdle and became desperate to conclude the matter.  The October 1987 crash interfered and as the SBNSW bad debts mounted – the need to get their hands on the SBS reserves and converted good-will became even more desperate.   At this point things began to unravel as control of the conditions encountered media and public resistance.  Scrutiny was applied and under the microscope the pressure forced hasty decisions which left a trail of evidence that could never be covered up from anyone who went looking.

The problem at the time was that nobody was really looking or looking out for the interests of the SBS Members and Staff.  The information flow was contained and choked off at the NSW Premiers Office and the SBNSW CEO Bunker.  SBS Staff in the know were sacked or sent on administrative leave and within three – four months it was all over for the SBS members and staff.   It was a Corporate RAPE – and there is so much that those SBS members and staff were never told or made aware of.  Had they known all that is now known at the time – and the media were alerted and encouraged to ask the right questions of the right people – what happened would never have happened the way it did.  Anyway – as this story unfolds and is told – the evidence and connective trail of mistakes will reveal the ‘evil’ desperate men are capable of.

Please – if you want to stay in touch with developments – please complete the FORM below.   The FORM submission below will allow you to register your details and comments if you so wish.  If you register you will be placed on a mailing list for all future updates relative to document uploads and other matters being pursued in this matter.   You can unsubscribe from this Mailing list at any time – and just a confirmation reminder that all your details will be kept private and confidential.

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EYE-BALL NovelZone’s Zombie-Leaks

January 3, 2012 Comments off
The-EYE-BALL-JokeZone
EYE-BALL Zombie-Leaks -
Index of Uploaded Documents.
Updated 4th Jan 2012
Hello – this is a new site – early 2012 – and is published to allow for the indexing of research documents discovered in a long ago FRAUD and Corporate Rape of a NSW Building Society by the NSW State Governmentand its agent – The State Bank of NSW.

This is a work in progress and as the documents are reviewed, their upload will depend on importance, relevance and whether public display will hinder intended legal action.For ease of reference and continuity – the will is to upload in date order – earliest to latest.

The documents held cover a period from 1930 through to 1996. Many of these documents in isolation will not mean a great deal – but where relevance is important – comments will be made connecting the document to is place in the overall timeline of events.It is intended that separate index listings will be made for NSW Legislative Acts – for Legal Opinions – and for Individual Persons who played a direct part in setting up the ‘ENTITY’ [State Building Society - SBS] with intent to stage a conspiracy that ended up as FRAUD committed against the SBS members and shareholders.

To identify these persons of interest by name they include – Nick Greiner, Barrie Unsworth, Neville Wran, Gerry Peacocke, Ron Baker, David Horton, Terence Sheahan, Nick Whitlam, John O’Neill, Paul Kearns, Rick Turner, Ian Fraser, Bob Thomas, RA Brown, RM Northam, A Knowles, RG Booth, Reg Watson, and others who played lesser roles. Documents held incriminate all these persons at various stages and degrees of ‘skullduggery’ and some became directly involved during 1988 with intent to defraud the SBS Members and Staff.

Some of the more serious allegations will carry criminal charges and depending on what level of Government investigates, i.e. Federal, State, Administrative, ACCC, ASIC, Civil or other form of prosecutorial structure – the level of charges will vary.

All that can be said from advice received to date – that statutes will not apply provided the evidence implicates Government Ministers – and civil proceedings will flow as a result.

There is a call out to all past SBS employees and members to register your name and current contact details for ready reference. A class-action is being investigated – and these details are required to create a database of potential litigants. You will find the FORM submission at the bottom of this page.

Links to Document Listings:

Updated 3rd Jan 2012:

Some Background:

The links below provide a history timeline of events that led to the 1931 Amalgamation Agreement Act between the then Government Savings Bank of NSW and NSW Government and the Commonwealth Savings Bank – CSB.

[This is as extracted in part from the text of the verdict summation at the end of the 1985 court proceedings between the CSB as plaintiff and then as defendant and the NSW Government – NSWG – and their agent – The State Bank of NSW – SBNSW – both as defendants and then plaintiff’s.

  • Link to History Summation – PDF fileWord file. – some 25 pages of riveting Australian Banking history at a time when the ‘Great Depression’ era flowed over into State and Federal politics. Justice Lockhart receives high praise to his summation of the evidence presented during the 3 year court drama.
  • Link to Auslii site – full judgement – some 130 pages …
  • Link to 1931 Amalgamation Agreement Act – PDF fileWord File.

Updated 4th Jan 2012:

These newspaper articles come from many angles – pro SBNSW and pro SBS – they make for interesting reading to gather knowledge on how O’Neill and Greiner played their game via the media and how the SBS and OFT Minister played their defence strategy.  Nobody got the real story – many hedged around it but it was a controlled environment with the NSWG and O’Neill’s henchmen holding all the cards. Hope you enjoy the history …

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The FORM submission below will allow you to register your details if you so wish. If you register you will be placed on a mailing list for all future updates relative to document uploads and other matters being pursued in this matter.

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