The Coalition government sold one of Sydney’s most prestigious hotels to a Singaporean developer without an open tender despite internal advice a direct sale could breach “ICAC guidelines”.
Mr Pearce was sacked by then premier Barry O'Farrell after an unrelated "jobs for mates" scandal just weeks after the deal was announced and replaced by Transport Minister Andrew Constance who oversaw the settlement of the sale to the Logan Trust. A separate ministerial briefing, prepared by the State Property Authority and obtained by the Herald, raised another option which would allow the company, known as the Logan Trust, to develop the property but leave ownership with the government, raising $10.95 million.
A spokesman for Finance Minister Victor Dominello said separate “independent probity advice” had confirmed the negotiation process did not breach ICAC guidelines or probity principles. Mr Pearce said extensive negotiations had begun before the O’Farrell government came to power in March 2011 and had “proceeded a long way before I was briefed”.
kloussikian Corruption will never end until we have a Royal Commission.
deniseshrivell kloussikian Way to sell off Australia a bit at a time... Often at a loss... & worse, often contrary to advice about process...
kloussikian That’s all it took a $10k payday for a pollie to manipulate a major property sale to foreigner....due to obvious corruption it should be reversed. Any sale or contract made by fraudulent means should be allowed to be withdrawn, or forced close regardless of how long ago!
MichaelPascoe01 kloussikian Dirty deals done dirt cheap. Right from the start.
kloussikian Now,if this was Labor
kloussikian What a fucken rort!
kloussikian will this corruption ever end. selling to a mate or donor for $10,000. public assets. flogged off.
kloussikian Again Monsanto's ROUNDUP makes the court Case in UNITED STATES. Times Up For STATE & Federal Coalition to Stop paying Contractors. To spray this poison in town limits. Used like fire hose to spray water ways & Voters.
kloussikian
kloussikian Why are we shocked?