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 Wharton property saga continues 

Wharton property saga continues

12 Jan, 2012 03:07 PM
THE ongoing saga of Bankwest's decision to place the properties of Richmond Mayor John Wharton into receivership continues, with Mr Wharton accusing receivers Korda Mentha of allowing the properties to fall into disrepair.

Mr Wharton told the North Queensland Register that on January 5 he and his son travelled to their properties, Red Rock and The Canyon, which they still have grazing rights over, to find that 70 percent of The Canyon had been burnt out and that the fire had been burning for a week.

"Receivers have let our property, The Canyon, burn and no one had even notified us that there was a fire," he said.

"The caretaker employed by Gavin Nolan, of Korda Mentha, and Kevin Currie, of Ray White Rural, lives on the next-door property. He saved his place, Stockman's Creek, from burning but allowed the fire to burn out 70pc of our place, Canyon," Mr Wharton alleged.

He said that further inspection of Red Rock revealed all the stock lick troughs empty except for one, which had a very small amount in it.

"It is his job to keep the stock lick up to the cattle and fix any broken fences. All of these jobs need fixing, yet there has been no sign of any receivers, except for possibly a helicopter checking the waters on Runnymede, who we have not seen."

Mr Wharton said the receivers had not asked him nor his son Luke to do any of these jobs and it seemed to be a prime example of once again allowing their asset to run down rapidly.

"We found we had more than 45 of our neighbours' cattle right up around the house and through all our small paddocks, and a number of breeder cows had got through a fence and into the Town Common," Mr Wharton alleged.

The problems also extend to the Richmond Shire block Runnymede, where Mr Wharton said he had to pull a cow out of a bog. It had to be shot.

Mr Wharton has been invited by National Senator John Williams to give evidence at a parliamentary inquiry into banking to be held next month.

Senator Williams said Mr Wharton's situation was not an isolated case and that he had become aware of several cases where stock on properties where receivers had been appointed had been severely neglected.

"Last July, I spoke with the CEO of Australian Banking Association and asked him 'Please do not send receivers and liquidators into family farms as they do not have any expertise in looking after stock'," Senator Williams said.

He said there were some cases where the RSPCA should have been alerted.

Korda Mentha has yet to respond to the allegations.

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Date: Newest first | Oldest first
It's high time that all the bull dust emanating from Brisbane and Canberra is stopped once and for all. The nationals are a spent force, except one or two, our only hope to still have a piece of land to make a living from is Bob Katter and his party.
Posted by Pete the farmer, 13/01/2012 9:50:08 AM, on North Queensland Register
You seemed to be on the right track, there, for a while, Pete...then you mentioned Boofhead Bob as a saviour. My god! You are from northern Queensland, right? Confirm this is true, otherwise I have to revise my detailed analysis of RARA IQ distribution throughout the Big Brown Land. The best thing you can do to improve the average IQ of northern Queensland is to leave it.
Posted by Bushie Bill, 13/01/2012 9:43:52 PM, on North Queensland Register
While a large percentage of farmers, graziers and small business men and women have had to trim their costs, improve their productivity and in most instances have had to take a pay cut, are the big four Banks doing the same?

Have they taken a cut in their profits? Has the senior management taken a cut in the obscene amout of money that they are getting paid?

If one or more of the banks does the above and consequently finds that will be able to offer loan money at cheaper rates, won't they have some willing and happy customers!

Posted by Bushfire Blonde, 16/01/2012 8:42:07 AM, on North Queensland Register

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Further evidence of the alleged lack of management by receivers was this trough with a broken float valve.
Further evidence of the alleged lack of management by receivers was this trough with a broken float valve.

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