1. Most Discussed
  2. Gainers & Losers

Victorian taxpayers face massive East West Link compensation bill, contract or not

  1. JonnoH

    11,767 Posts.

    "Treasurer Tim Pallas claimed the side letter represented "an act of treachery and treason" proving the former government was always aware the contract for the project was shaky.

    "It is an obscenity, it is a contortion of public policy and good pubic interest protection," Mr Pallas said. "The fact is there was considerable uncertainty, uncertainty that went directly towards the protection of the Victorian taxpayers' interests.""

    "Associate Professor Ken Coghill, a former state MP and now director of the Monash Governance Research Unit, said it was very unusual for a government to issue a side letter promising compensation for a project that might not proceed.

    "It really is highly irregular and very suspicious," he said. "They should never have considered making an assurance like that."

    Professor Coghill said it was inappropriate for the Coalition to commit to paying compensation without a public debate first. "It should have been raised publicly in Parliament before the Parliament was dissolved for the caretaker period."


Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.