Gingerbread/Woodeneye/blow.n.gasket,
Notwithstanding, it has one very glaring mistake, which left uncorrected, will, I believe, curtail the only opportunity Employee Shareholders currently have to legally challenge Qantas’ offshoreing strategy. AIPA’s view that the:
· ‘Currently the Qantas Sale Act only allows an application to the Court for injunctions by the Minister. The bill extends this to allow for applications to the Court by 100 shareholder members or shareholder members who hold at least 5 percent of the shares in Qantas.’
Is materially misleading and if accepted by the Senate Committee, will probably neutralise the ability shareholders presently have to take issue with Qantas’ not complying with the Qantas Sale Act by seeking to have enforced Qantas’ compliance with its own Articles of Association.
I have read the AIPA submission - where does the 'glaring mistake' and the quoted AIPA view appear?
