I am absolutely disgusted, appalled etc etc. but the Govt. is in a difficult position. ASIC is a waste of space and that is a separate issue, but it is NOT (nor should it be) the governments job to 'interfere' with business. The boards job is to ensure the business is being run properly. Without a thorough understanding of the Aviation business (and I mean thorough, as in more thorough than most upper management staff at QF) you would simply believe the unending lies, mistruths and blame changing that emanates from 'Kool Aid' Coward St. As a professional politician, or even a lucky but incompetent business person like Clive, you either wouldn't care (Clive) or simply find it preposterous that people paid millions by a company to run it would be deliberately asset stripping on the sly. Also, these lovely people are constantly assuring you everything is fine, on track to outperform the latest Glorious Five Year Plan and you also get to use the beautiful lounges that have just been built at great expense - what could possibly be untoward? All the staff you meet are very happy, it quite possibly is (as you have been assured by even proven leaders like Cosgrove) just those obstreperous overpaid staff that are ruining progress. If your house is broken into, you do not sue the police or the government for allowing it to happen, but you prosecute the burglar. Maybe BGA got the job specifically because of his stature? He is perfect cat-burglar size, hard to spot and shifty!
Do not think I agree with the above, but I can understand how the lies and theft is being perpetrated.