Australian Politics Forum - Government overpaying for land. More corruption?

Bam Gold Member Offline Australian Politics Posts: 21905 Gender:	Government overpaying for land. More corruption? Sep 21^st, 2020 at 9:32pm Government paid 10 times what Western Sydney Airport land was worth, audit finds
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Grappler Truth Teller Feller Gold Member Offline Australian Politics Posts: 80188 Proud pre-1850's NO Voter Gender:	Re: Government overpaying for land. More corruption? Reply #1 - Sep 21^st, 2020 at 9:37pm If it was owned by mates in the know - that's just par for the course...
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Bobby. Gold Member Offline Australian Politics Posts: 95228 Melbourne Gender:	Re: Government overpaying for land. More corruption? Reply #2 - Sep 21^st, 2020 at 9:51pm Smells of corruption.
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Sir Spot of Borg Gold Member Offline WE ARE BORG Posts: 26460 Australia	Re: Government overpaying for land. More corruption? Reply #3 - Sep 22^nd, 2020 at 5:29am The govt usually pays way less than land is worth so yeah - prolly mates Spot
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cods Gold Member Offline Australian Politics Posts: 88048	Re: Government overpaying for land. More corruption? Reply #4 - Sep 22^nd, 2020 at 7:45am that would be one hell of a BIG mistake....looking at the size of the land last night it looked like it was worth more than they claim...... but time will tell.... not a good look if its true......and whos head will fall?????
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Gordon

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Re: Government overpaying for land. More corruption?
Reply #5 - Sep 22^nd, 2020 at 8:11am

Market value is one thing price is another thing altogether.

The land wasn't owned by a yokel dairy farmer, it was owned by one of the wealthiest farming families in the state who also own a ton of commercial real estate so they knew exactly how much it was worth.

Right now there are parcels of land in Bringelly selling for $1.5/H and they aren't even in a place where the Govt plans to build a runway.

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Valkie

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Re: Government overpaying for land. More corruption?
Reply #6 - Sep 23^rd, 2020 at 7:28am

Of course its corruption.

That's what the grubberment does best.

I think, should it ever be properly investigated, several public servants will have gained considerably as a result of this exercise.

The bank accounts of every gruberment employee involved, even a little bit, should be checked out very carefully.

Then if/when the cash has been found, all and sundry should be charged and gaoled.

The cash and property of all involved should be seized as proceeds of crime and the grubberment ministers involved sacked without pensions.

Its the only fair and honest way.

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Bam

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Re: Government overpaying for land. More corruption?
Reply #7 - Sep 23^rd, 2020 at 9:28am

Sir Spot of Borg wrote on Sep 22^nd, 2020 at 5:29am:

The govt usually pays way less than land is worth so yeah - prolly mates

Spot

You can draw your own conclusions from this:
Billionaire family's windfall gain 'tip of iceberg' for land sales near new airport

Selected quotes:
Quote:

The federal government forked out almost $30 million for land owned by Tony and Ron Perich's Leppington Pastoral Company in 2018, only for the Commonwealth to value the 12 hectares at just $3 million less than a year later.

Quote:

The Leppington Pastoral Company – one of their many property and food manufacturing assets – has donated tens of thousands to the Liberal and National parties in recent years. It also donated about $20,000 to the NSW branch of the Labor Party in the 2000s. There is no suggestion, and the report does not allege, the Perich family's donations to the Liberal party influenced the sale of the land.

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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.

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Gordon

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Re: Government overpaying for land. More corruption?
Reply #8 - Sep 23^rd, 2020 at 10:39am

Bam wrote on Sep 23^rd, 2020 at 9:28am:

Sir Spot of Borg wrote on Sep 22^nd, 2020 at 5:29am:

The govt usually pays way less than land is worth so yeah - prolly mates

Spot

You can draw your own conclusions from this:
Billionaire family's windfall gain 'tip of iceberg' for land sales near new airport

Selected quotes:
Quote:

The federal government forked out almost $30 million for land owned by Tony and Ron Perich's Leppington Pastoral Company in 2018, only for the Commonwealth to value the 12 hectares at just $3 million less than a year later.

Quote:

The Leppington Pastoral Company – one of their many property and food manufacturing assets – has donated tens of thousands to the Liberal and National parties in recent years. It also donated about $20,000 to the NSW branch of the Labor Party in the 2000s. There is no suggestion, and the report does not allege, the Perich family's donations to the Liberal party influenced the sale of the land.

An airport has been proposed for that spot for 50 years. They bought land on spec and won.

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macman

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Re: Government overpaying for land. More corruption?
Reply #9 - Sep 23^rd, 2020 at 11:44am

cods wrote on Sep 22^nd, 2020 at 7:45am:

that would be one hell of a BIG mistake....looking at the size of the land last night it looked like it was worth more than they claim...... but time will tell....

not a good look if its true......and whos head will fall?????

I'm sure they will find some way of blaming Labor Codsy, as usual. Wink

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Prime Minister for Canyons Gold Member Offline Australian Politics Posts: 26906 Canberra Gender:	Re: Government overpaying for land. More corruption? Reply #10 - Sep 23^rd, 2020 at 11:45am GOd damn we need a federal ICAC
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Mix_Master

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Re: Government overpaying for land. More corruption?
Reply #11 - Sep 23^rd, 2020 at 12:02pm

Prime Minister for Canyons wrote on Sep 23^rd, 2020 at 11:45am:

GOd damn we need a federal ICAC

Good luck with that, if either of the Major Parties is in power.

The LNP "attempt" would give us one with some power to go after crooked Public Servants, but would not be able to make findings of corruption against Politicians. I mean, what the hell is the point of that???

I doubt Labor's would be much better. It WOULD be better, no doubt...but not by much.

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Gordon

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Re: Government overpaying for land. More corruption?
Reply #12 - Sep 23^rd, 2020 at 12:13pm

Prime Minister for Canyons wrote on Sep 23^rd, 2020 at 11:45am:

GOd damn we need a federal ICAC

The entire premise of the story is BS. The land was worth $3m 20 years ago

If you owned the bit of land where the Govt wanted to put a runway, would you sell it for what they valued it, or would you bend them over get every cent you could?

Here's a block for sale now, $3m/H.

Call ICAC?

https://www.realestate.com.au/property-house-nsw-bringelly-133072078

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Prime Minister for Canyons

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Re: Government overpaying for land. More corruption?
Reply #13 - Sep 23^rd, 2020 at 12:14pm

Gordon wrote on Sep 23^rd, 2020 at 12:13pm:

Prime Minister for Canyons wrote on Sep 23^rd, 2020 at 11:45am:

GOd damn we need a federal ICAC

The entire premise of the story is BS. The

If you owned the bit of land where the Govt wanted to put a runway, would you sell it for what they valued it, or would you bend them over get every cent you could?

Here's a block for sale now, $3m/H.

Call ICAC?

https://www.realestate.com.au/property-house-nsw-bringelly-133072078

Even if the premise if BS, we still need a federal ICAC.

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In a time of universal deceit — telling the truth is a revolutionary act.

No evidence whatsoever it can be attributed to George Orwell or Eric Arthur Blair (in fact the same guy)

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Gordon Gold Member Offline Australian Politics Posts: 20221 Gordon Gender:	Re: Government overpaying for land. More corruption? Reply #14 - Sep 23^rd, 2020 at 12:15pm Another...quick call the cops!!! $5.7 for 2HA https://www.realestate.com.au/property-acreage+semi-rural-nsw-bringelly-13338445...
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