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Old 17th Nov 2004, 00:21
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TheNightOwl
 
Join Date: Feb 2001
Location: Melbourne, Australia
Age: 84
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PD - I believe, like you, that the Govt has done what it said, i.e. provided loans to enable the payment of the following:

Outstanding Annual Leave entitlements
Outstanding LSL entitlements
Outstanding Time-in-lieu entitlements
Up to eight (8) weeks Redundancy Payment

What I cannot accept is that, where we were the top of the list of creditors, the loans were conditional on being paid back to the Govt AS THE PRINCIPAL CREDITOR, (my emphasis). There is no way the PM and the Minister for Qantas had the remotest intent of paying out ALL entitlements, what sort of precedent would this have set for the future? It could have been open slather for any Company manager to mis-manage his company then expect the Govt to pick up the tab for the employees when it all went belly up! I would prefer to see the public made aware that the $10:00 tax collected did not go to the employees, there is a deal of misinformation out there about it. I have, on more than one occasion, been asked ..."what's your problem, you got 72c in the dollar, a lot more than the Pyramid investors". Yeah, right, I got 72c/dollar, I wish I had!!

Kind regards,

TheNightOwl.
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